Directors Deals 

ABF chairman doubles his stake

ABF chairman doubles his stake

It was a game of two halves when Associated British Foods (ABF) announced its half-year results just a week ago. The Primark owner blamed the abolishment of sugar quotas by the EU last year for a sudden oversupply of the commodity, which hurt prices and thus, ABF’s sugar division. In fact, ABF’s sugar division reported a 12 per cent decline in sales at constant currency to £938m during the first half, while operating profit fell by a quarter to £90m. 

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