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Market sweet on Associated
Primark owner Associated British Foods (ABF) is in demand as it hails 2016 as a ‘turning point’ for its sugar business. The company reported (8 Nov) a 5% increase in full year revenue to £13.4bn, with its earnings per share and dividend also up 5%. As well as a boost from sterling weakness, the company says the Brexit vote could lead to beneficial changes in legislation and trade agreements. (TS)