Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
AB Foods says trading in line, helped by Primark
LONDON, Sept 10 (Reuters) - Associated British Foods Plc (ABF.L), the owner of Primark discount fashion stores and the maker of Kingsmill bread, said on Monday profits were in line with expectations helped by a good performance from Primark. The London-based foods and retail group, 55 percent owned by the family of its Chief Executive George Weston, said its discount retailer Primark saw like-for-like sales rise one percent in its second-half, while grocery profits would be lower than last year due to losses at breadmaker Allied Bakeries.
The company, which also refines Silver Spoon sugar and markets Ovaltine beverages, Twinning tea and Ryvita crispbread was giving a trading statement towards the end of its financial year to Sept. 15 and ahead of annual results on Nov 6.
((Reporting by David Jones; Reuters Messaging: david.jones.reuters.com@reuters.net; +44 20 7542 7972)) Keywords: AB FOODS TRADING/
(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nWLB1622
