City loyal to ABF's Weston


City institutions made it clear they are happy to back Garry Weston, the man who turned AB Foods into one of Britain's biggest food suppliers, and remain convinced he can overcome the problems facing the Twinings Tea and Silver Spoon sugar group.

Weston suffered a stroke last week but deputy chairman Harry Bailey said he is expected to make a full recovery. Profits last year were more than halved to £391 million by the bread war, and the Stock Exchange has said it will reduce the Footsie weightings of firms like AB Foods, where the bulk of the shares are held by a few shareholders. Weston and his family own 52%.

However, the institutions have stayed loyal and show every sign of helping Weston ride out the storm.