0752 GMT - The proposed split of Associated British Foods' Primark and Food businesses is a major positive for investors, RBC analysts Richard Chamberlain and Manjari Dhar write in a note. Overall results for its 2025 fiscal year results were a mixed bag, with adjusted profit before taxes slightly better than expected, but weaker sales. Its outlook is cautious for food in particular, but the potential split will likely be well received by investors because it should narrow the company's implied conglomerate discount--which reflects the difference between the market value of a company and the sum of its different businesses. However, there could be a disadvantage in the lack of food cashflow to invest in the expansion of Primark, the analysts write. (aimee.look@wsj.com)

(END) Dow Jones Newswires

November 04, 2025 02:55 ET (07:55 GMT)

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