AB Foods slips after forecasting another year of profit decline

Associated British Foods

Yesterday 08:15

** Shares of Associated British Foods ABF.L down 4% at 1,865.5 p 
** Primark owner forecasts another year of profit decline, as deeper losses in its sugar business and weaker underlying sales at Primark weighed on earnings
** YTD, stock down ~9%, as of Monday's close

 (Reporting by Tuhina in Bengaluru)
 ((tuhina@thomsonreuters.com))