12 April 1999
AB Foods expected to show modest improvement

INTERIM figures from AB Foods are expected to rise modestly, helped by cost savings in its UK food manufacturing side.

Carl Short at SG Securities forecasts a pre-tax advance from £193m to £198m.

Sugar prices in the UK have remained low due to the strength of sterling and the British Sugar subsidiary has reduced processing costs.

  • Financial Times 12/04/99 page 27 (Companies Diary)