Associated British Foods warns of trading disruption

FTSE 100 Associated British Foods (LON:ABF) said that sales in the current period were down significantly due to coronavirus disruption. The company’s Primark stores in France, Italy, and Austria have been closed and the UK branches have seen substantially reduced footfall.

Management said it was too early to estimate financial performance for the rest of the year, but said there had been no aggregate effect on the sugar and ingredients arms.

Associated British Foods shares were down by 6.27% to 1,719.50p (as of 16:00 GMT).