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Associated British Foods PLC - London-based food processing and clothing retailing business - Issues a trading update for the 16 weeks to January 3. Revenue is ‘in line’ with the previous year at actual currency, totalling £6.76 billion, but is down 0.9% at constant currency. This compares to the 1% rise at actual currency and 1% fall at constant currency estimated earlier this month. Retail revenue increases 4.2% or 1.5% at constant currency to £3.50 billion, while grocery revenue is flat at £1.39 billion, or up 0.7% at constant rates. Revenue is £667 million from Ingredients, down 2.9% at actual rates, £675 million from Sugar, down 4.3%, and £521 million from Agriculture, down 4.1%. At retailer Primark, sales decline by 2.7% on a like-for-like basis but rise 1% in total. UK & Ireland total sales are up 2%, but sales in Europe are down 1%. US sales are up 12%. AB Foods says it will report its results for the 24 weeks to February 28 on April 21. Current stock price: 1,878.60 pence, up 1.0% in London on Thursday 12-month change: down 3.0% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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