AB Foods weighs Primark spin-off and London listing

Associated British Foods is reviewing its structure and may spin off Primark into a separately listed London entity, with the food business also listed. Majority owner Wittington would keep 58% of each. CEO George Weston said he could lead the food group. AB Foods posted adjusted pre-tax profit of £1.7bn, down 13%, and Primark sales up 1% to £9.5bn.