AB Foods edges-up earnings guidance on currency, better Primark​

Associated British Foods edged up its full-year earnings forecast on Monday, helped by recent currency moves and a pick-up in trading at its Primark clothing chain. The firm, which also has major sugar, grocery, agriculture and ingredients businesses, said it expected a marginal decline in adjusted earnings per share in its 2015-16 year, having previously forecast a modest decline. AB Foods made adjusted earnings per share of 102 pence in 2014-15.