AB Foods plans to close bioethanol operations after UK trade deal

  • Primark owner Associated British Foods PLC (LSE:ABF) has begun consultations about winding down its bioethanol businesses and has restructured its Spanish sugar arm, after issuing warnings about profits from the subsidiaries two months ago.  The FTSE 100-listed group said its guidance for sugar remains unchanged from the April update, despite a slow start to its African sugar season.