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The Latest Breaking News from ABF

Primark owner’s boss urges Reeves not to hit shoppers with budget tax rises

George Weston tells chancellor to ‘tax rich folks instead’ as ABF says it could split fashion chain from food arm

The Guardian - UK

Primark boss issues stark warning to Reeves over Budget

George Weston urged the chancellor not to give consumer confidence another ‘great whack’ in November

The Independent UK

Primark owner’s boss warns Reeves not to give consumer sentiment ‘another great whack’ in budget

George Weston, CEO at ABF, also said food price inflation had peaked and would now start to ease

The Guardian - UK

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UK’s largest bioethanol plant to shut after blow from Starmer’s trade deal with Trump

Associated British Foods says 160 jobs will be lost at Vivergo site in Hull after ministers refuse to fund rescue

The Guardian - UK

Two of the UK’s biggest bakeries to combine to make bread giant

The move follows a strategic review of the Allied Bakeries business

The Independent UK

Kingsmill owner ABF to buy Hovis to create bread giant

ABF told investors on Friday that the deal will ‘combine’ the production and distribution activities of Hovis and its Allied Bakeries business.

Evening Standard

Kingsmill owner to buy Hovis in £75m deal to create UK’s biggest bread brand

Jobs expected to go if competition watchdog approves takeover by Associated British Foods

The Guardian - UK

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Arrests over 'abhorrent' child-like sex doll imports

Several men have been arrested in a crackdown over "a disturbing rise" in imports of child-like sex dolls and could face up to 10 years in jail.

AAP

Teenage vaping in Australia has ‘turned a corner’ after ban, study says

Australia health minister credits vape ban for reduced rates of consumption among children

The Independent UK

Man refused bail over $555 million methamphetamine haul

Police say three men have been caught trying to import more than half a billion dollars worth of drugs into Australia by concealing them in rolls of fabric.

AAP

Under-threat bioethanol plant says talks with Government a ‘positive signal’

The UK’s largest producer – Vivergo Fuels in Hull – has said it could shut in September ‘unless the Government acts’, following the UK-US trade deal.

Evening Standard

Britain’s biggest biofuel plant could close over impact of UK-US trade deal

ABF threatens to shut Vivergo site in Hull in September amid warnings bioethanol industry could collapse

The Guardian - UK

Tip-off leads to 250kg cocaine seizure

More than $80 million worth of cocaine has been found in a shipping container by Australian Border Force among five bags after officials received a tip-off.

AAP

Trade deal with US could spell end of UK’s bioethanol industry, say bosses

Hundreds of jobs may be at risk, say heads of ABF Sugar and Ensus, as Starmer agrees to remove tariffs on US ethanol

The Guardian - UK

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The Guardian - UK

Crumbs! How Britain fell out of love with the sliced loaf

Packaged bread, once a household staple, is in ‘inexorable decline’ because of rising costs and competition from other options

The Guardian - UK

Baking a deal? Hovis and Kingsmill owners in talks about historic merger

Associated British Foods’ sale of Allied Bakeries would bring together two of the UK’s biggest breadmakers

Fortune

Consumer caution dampens Primark results as owner ABF reports profits hit

ABF group revenue was down 2% at $12.7 billion, and adjusted profit before tax was also down 10% from $1.2 billion the previous year to £818 million $1.09 billion.

Evening Standard

Around 150 jobs at risk as ABF warns bioethanol plant could close

The Vivergo fuels site in Saltend, near Hull, swung to a loss in recent months after it cut production levels in light of low bioethanol prices.

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news in one place.

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The Guardian - UK

Primark owner’s shares drop as sales fall amid Trump tariff fears

Company says consumer confidence could deteriorate further as countries face risk of recession

The Independent UK

Primark says it is not raising prices despite tax and wage cost hikes

It came as parent firm Associated British Foods said it saw ‘weaker sales’ across the budget fashion chain’s UK and Ireland stores.

Dynamite News

U.S. citizen charged over illicit drugs found in lost luggage at Sydney airport

A U.S. national is facing life imprisonment after police allegedly found 17 kg of methamphetamine in her luggage upon arrival at Sydney Airport. Read more at Dynamite News.

AAP

'Ridiculous' probe into science fan's plutonium import

Border Force has been slammed for its role in the prosecution of a collector who shipped a 'harmless' amount of radioactive material to his parents' unit.

International Business Times UK

Honda Rocked by Scandal: EVP Quits Over 'Inappropriate Behaviour' as CEO Punished With 20% Pay Cut

Honda's executive vice president has resigned over 'inappropriate behaviour' at a social event, prompting the CEO to take a 20% pay cut in response to the scandal.

TechRadar

Japanese firm behind ubiquitous MSG is ramping up production of key material in semiconductor packaging

Ajinomoto, the Japanese firm behind MSG, is ramping up production of ABF, a key material used in semiconductor packaging.

Evening Standard

Primark: Who is ex-boss Paul Marchant, and what has he done?

Paul Marchant has resigned as the boss of high street fashion giant Primark following an allegation from a woman.

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