AB Foods Takes GBP98 Million Hit on Bioethanol Joint Venture
February 03 2015 - 2:56AM
Dow Jones News
By Rory Gallivan
LONDON--Food producer and fashion retailer Associated British
Foods PLC (ABF.LN) Tuesday said its interim results will include a
98 million pound ($147.7 million) impairment charge after falling
crude oil and bioethanol prices and the weaker euro against
sterling hit its investment in a bioethanol joint venture.
The wheat-fed bioethanol joint venture is with oil group BP PLC
(BP.LN) and chemicals company Dupont.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Associated British Foods (PK) (USOTC:ASBFY)
Historical Stock Chart
From May 2024 to Jun 2024
Associated British Foods (PK) (USOTC:ASBFY)
Historical Stock Chart
From Jun 2023 to Jun 2024