AB Foods weighs Primark spinoff after profit drop

Associated British Foods, owner of Primark, is reviewing its structure and may separate Primark from its food operations after results. Adjusted pre-tax profit fell 13% to £1.7bn in the year to 13 September. Primark sales rose 1% to £9.5bn, with UK/Ireland down 3.1%. Sugar revenue fell 10%; grocery and ingredients were flat. No decision yet.