Primark owner AB Foods warns profits will fall as sugar woes deepen

Primark owner Associated British Foods has maintained its warning that annual profits will fall this year, despite sales growth at the value fashion retailer.
The group said it continued to expect adjusted operating profit and adjusted earnings per share for 2026 to be below last year, as worsening conditions in its sugar business offset steadier trading elsewhere.
AB Foods reported flat group revenue on a constant currency basis in its third quarter, with retail sales up three per cent as Prima