AB Foods earnings up 2% on strong Primark, grocery demand

LONDON (Reuters) - Associated British Foods reported a 2% rise in annual earnings on Tuesday, with growth at its Primark fashion chain and grocery businesses more than offsetting lower sugar profits.The group, which also has major agriculture and ingredients arms, said on Tuesday it is well-positioned for further earnings growth in the new 2019-20 year, anticipating the continued expansion of Primark, a material improvement in sugar profit and strong profit growth in grocery.AB Foods made..