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06.05.25 - 11:36
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Hovis and Kingsmill owners in talks about bread merger (The Guardian)
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Associated British Foods' sale of Allied Bakeries would bring together two of the UK's biggest breadmakersBusiness live – latest updatesThe owners of Hovis and Kingsmill have entered talks which could lead to two of the UK's biggest bread brands merging amid “challenging” market conditions.Associated British Foods (ABF), which owns Kingsmill parent Allied Bakeries as well as the budget clothing chain Primark, said it was in negotiations with Hovis's private equity owner Endless regarding a potential deal. Continue reading......
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29.04.25 - 10:54
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Primark owner′s shares drop as sales fall amid Trump tariff fears (The Guardian)
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Company says consumer confidence could deteriorate further as countries face risk of recessionBusiness live – latest updatesShares in the owner of Primark fell after the budget clothing chain posted a sharp drop in UK sales and lost market share, as the company warned that consumer confidence was likely to worsen further amid Donald Trump's trade wars.Associated British Foods (ABF), which also owns a sugar business and food brands such as Ryvita and Kingsmill, said several countries could slide into recession as a result of US trade policy. Continue reading......
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