business
Sugar woes sour ABF shares
Key takeaways
- ABF said the Middle East conflict had pushed up costs for its sugar arm and would dent the company's profits in Europe.
- "Aside from sugar, our full year outlook for the group is unchanged," ABF chief executive George Weston said in a trading update for the 16 weeks to 20 June.
- The Twinings tea and Patak's cooking sauces owner stuck to its group forecast for company-wide adjusted operating profit and adjusted EPS to be lower year-on-year.
Sugar woes sour ABF shares https://www.shutterstock.com/image-photo/london-uk-november-22nd-2017-homepage-761788546?tracking Id=a5f4d768-ef3c-47fb-9338-9d2c68e8466a&list Id=search Results · Just Food · Chris Dorney/Shutterstock Dean Best Wed, July 1, 2026 at 8:48 PM GMT+7 2 min read ABF.L Shares in Associated British Foods fell today (1 June) after the UK group said its sugar business had been hit by the Middle East crisis.
ABF said the Middle East conflict had pushed up costs for its sugar arm and would dent the company's profits in Europe.
"Aside from sugar, our full year outlook for the group is unchanged," ABF chief executive George Weston said in a trading update for the 16 weeks to 20 June.
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