Summary
British Sugar and Silver Spoon owner Associated British Foods has revealed profits were on the slide because of soaring energy costs and falling sugar prices across Europe.
The food and retail group posted a two per cent fall in pretax profits for the 24 weeks to March 4 and warned earnings would continue to be hit in the second half and through next year.See the full content of this document
Extract
Ab Foods Blames High Power Bills
It blamed the shake-up of the European Union sugar regime which will slash prices of sugar and beet by 36 per cent and 39 per cent respecti...
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