AB Foods ‘not worried’ about food demand impact of new weight-loss drugs

Associated British Foods , one of the world's biggest producers of bread, cereals and hot drinks, is not concerned about the impact on demand from new appetite-suppressing, anti-obesity drugs, its boss said on Tuesday. Walmart said last month it was seeing a slight pullback in U.S. food consumption when people took weight-loss drugs like Novo Nordisk's Wegovy, sparking a sell off in the shares of some food makers. AB Foods owns grocery brands with leading positions in markets across the globe.