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Sugar to half ABF half-year progress

A predicted drop in revenue in its sugar division is expected to be the only black mark on Associated British Foods' (ABF) interim results. 

The food processing and retail business posted a pre-close trading update ahead of its interim results for the 24 weeks to 2nd March 2019. It forecasted that for the half year, other than the expected reduction in sugar revenue, all of its businesses would achieve sales growth. For the full year, its outlook for the group is uncharged with adjusted operating profit and adjusted earnings per share for the year expected to be in line with last year.

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