Primark owner AB Foods' confident outlook boosts shares

LONDON (Reuters) - Associated British Foods forecast earnings growth in its new financial year on Tuesday, with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain.The company's stock was up 5% at 0907 GMT to take gains for the year to 16%, after the group, which also owns major agriculture and ingredients arms, beat its 2018-2019 forecasts with a 2% rise in earnings and 3% increase in its dividend.Analysts at Shore Capital..