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ABF operating profit drops 10% as sugar division offsets growth


By Dan McGrath

Associated British Foods (ABF) has reported a 10% year-on-year fall in adjusted operating profit to £835m in its first half, as its sugar division recorded an operating loss.

In the 24 weeks to 1 March, revenue at the food processing and retailing company remained flat year-on-year at £9.5bn in constant currency


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HSBC UK profits up as customer lending jumps in Q1

HSBC UK has reported a pre-tax profit of $1.71bn (£1.28bn) in its Q1 results, a figure up from $1.66bn in the previous quarter, but down from $1.81bn in Q1 last year

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BP profits halve in Q1 results

BP has seen its profit drop by 49.3% year-on-year in the first three months of its financial year to $1.38bn

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Jet2 reiterates profit guidance and launches £250m share buyback

Jet2 has confirmed that its full-year pre-tax profit will be within its expected guidance of between £565m and £570m

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Deliveroo postpones share buyback following £2.7bn acquisition offer

Deliveroo has postponed its latest £100m share buyback scheme with immediate effect, following a £2.7bn takeover offer by DoorDash

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Plus500 revenue increases 13% in Q1

Revenue at Plus500 has increased by 13% quarter-on-quarter in Q1 2025, reaching $205.8m

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NCC Group agrees new £120m RCF

IT security company NCC Group has agreed a new four-year multi-currency revolving credit facility (RCF) worth £120m

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WPP posts fall in Q1 revenue

Communications company WPP has announced a Q1 revenue of £3.2bn, a figure down 5% year-on-year and by 0.7% on a like-for-like (LFL) basis

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Unilever sales growth increases 3% in Q1

Underlying sales growth at Unilever jumped by 3% year-on-year in the first quarter of 2025, as the firm renewed its outlook for the rest of the year

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College of Law pension scheme agrees £85m buy-in with Royal London

The College of Law Pension and Assurance Scheme has agreed an £85m buy-in with Royal London, meaning that all scheme liabilities are now fully covered by insurance contracts

evoke revenue increases slightly in Q1

evoke has seen its revenue increase by 1% year-on-year in the first quarter of its year, reaching £437m
AJ Bell announces new record AUA

AJ Bell increased its assets under administration (AUA) to a record £90.4bn in its second quarter, a figure up 13% on last year
BT agrees sale of Italian business

BT has agreed a deal to sell its Italian business to telecoms company Retelit as it looks to refocus the group's efforts in the UK


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