Associated British Foods Announces Primark Demerger Plan and Reports Weak First-Half Earnings
Associated British Foods (ABF.L) announced plans to demerge Primark by the end of 2027, citing improved long-term decision-making as the rationale. The company reported a 18% decline in H1 adjusted operating profit and a 15% drop in adjusted EPS, with the sugar division posting an operating loss due to European oversupply and aggressive pricing.
Topics: Buyback Program Dividend Earnings Primark Demerger Profit Decline Sugar Division