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Sugar and Primark underpin AB Foods

Associated British Foods (ABF) pushed adjusted full-year operating profit up 17 per cent to £1.08bn after the sugar business grew its profit by an impressive 62 per cent to £510m. Clothing retailer Primark also performed well and profits rose 15 per cent to £356m. But these gains were partly offset by a 48 per cent drop in profits, to £32m, from the ingredients segment, while the grocery unit saw profits fall 23 per cent to £187m.

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