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YOU WONT BELIEVE: Abf - What They Never Told You

Primark, Magnum, Castrol... who’s next? Why Britain’s top brands are being sold or split by their owners

A weak pound and a sluggish economy mean some of our top brands are up for grabs

The Independent UK

Primark names former Marks and Spencer chief as permanent CEO amid potential demerger

Owner Associated British Foods (ABF) is also considering a potential demerger of the popular retail chain

The Independent UK

Primark appoints new permanent boss as parent firm reviews spin-off

Eoin Tonge has been named permanent boss of Primark after predecessor Paul Marchant resigned over an allegation of inappropriate behaviour last year.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

CMA begins full review of Kingsmill owner’s planned takeover of bread rival Hovis

Move by UK competition regulator comes as Associated British Foods, which owns Primark, issues profit warning

The Guardian - UK

Hovis takeover bid investigated by competition watchdog

The proposed deal would create a major player in the baking sector

The Independent UK

Competition and Markets Authority to probe ABF’s deal to buy Hovis

In August, Associated British Foods (ABF) struck a deal to buy the 135-year-old business from US private equity owner Endless.

Evening Standard

Sand play products now ‘high risk’ and need to be tested before coming into Australia, border force says

Suppliers would not have previously been obliged to test the products at any point in the supply chain, ABF confirmed

The Guardian - AU

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Schools in Australia have closed over asbestos in play sand fears – here’s what you need to know

Tasmania and the ACT shut schools as recalls issued for products at large chainstores but consumer watchdog says risk to children is low

The Guardian - AU

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

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

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The Guardian - UK

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

AAP

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.

The Independent UK

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

AAP

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.

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news in one place.

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Evening Standard

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.

The Guardian - UK

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

AAP

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.

The Guardian - UK

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

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.

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