British Foods hit by sugar reform

Associated British Foods posted a fall in profits today after difficult trading conditions at British Sugar and its Kingsmill bread division.

British Foods hit by sugar reform
Tue, 07 Nov, 2006 - 08:12

Associated British Foods posted a fall in profits today after difficult trading conditions at British Sugar and its Kingsmill bread division.

The group, which also owns the retail chain Primark, increased revenues by 7% to £6bn (€8.95bn) but said profits after adjustments for exceptional items fell 4% to £559m (€834.3m) in the year to September 16.

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