Primark profits surge as AB Foods reports strong growth November 5, 2013 Associated British Foods (ABF) has reported adjusted profit before tax of over £1bn, up 13 per cent for the financial year to 14 September. Primark, the retail arm of the group, had a particularly strong year, increasing profit by 44 per cent and added 10 per cent to its estate. (Release) Primark's total sales rose [...]
Best of the brokers for 19 September 2013 September 18, 2013 ASSOCIATED BRITISH FOODS Morgan Stanley has started covering the food-to-sugar conglomerate with an “overweight” rating and a target of 2,140p. The broker reckons ABF is one of the strongest growth firms in the European staple stocks, driven by Primark’s enormous sales increases. LEGAL & GENERAL Canaccord Genuity keeps its “hold” recommendation and raises its target [...]
Primark growth boosts AB Food full-year profits September 9, 2013 ASSOCIATED British Foods (ABF) said yesterday it expects to post forecast- beating profits for the second half of the year as sales at the discount clothing chain Primark continue to surge. Full-year sales at Primark, which accounts for about a third of the group’s profit, are expected to be 22 per cent ahead of last [...]
Primark sales boost Associated British Foods’ first half earnings February 25, 2013 ASSOCIATED British Foods (ABF) said an “outstanding” performance from the conglomerate’s budget fashion chain Primark will help lift first-half profits ahead of the £412m reported last year. The FTSE 100 group expects Primark sales to be up 23 per cent in the six months to 2 March, with like-for-like sales anticipated to be seven per [...]
Primark helps boost AB Foods’ revenues January 17, 2013 PRIMARK, the budget clothing retailer, has outsmarted its rivals on the high street after reporting a 25 per cent increase in sales yesterday. Its parent company Associated British Foods (ABF) said the launch of 14 new stores in Spain, the UK, Austria, Germany and the Netherlands helped to lift sales in the 16 weeks to [...]
Primark’s Union Jack sales boost profits at Associated British Food November 6, 2012 ASSOCIATED British Food’s chief executive has said customers snapping up Primark’s Union Jack themed merchandise during the Olympics and the Diamond Jubilee helped spur a 17 per cent rise in group full-year profit. George Weston said the discount fashion chain sold more than 7.5m items stamped with the flag as Brits and overseas visitors bought [...]
Primark helps AB Foods buck market gloom September 10, 2012 PRIMARK owner Associated British Foods said it is set to enjoy a jump in full year profits thanks to a strong performance at the group’s discount fashion retailer, which continued to strike a chord with cash-strapped shoppers. Sales at Primark for the year to 15 September are expected to be 17 per cent ahead of [...]
Primark and a Jubilee bake-off helps AB Foods lift its revenues July 12, 2012 ASSOCIATED British Foods yesterday said it was on track for a big rise in full-year adjusted earnings as cash-strapped shoppers braved wet weather to snap up budget fashions at its Primark clothing chain. The FTSE 100 company, which also owns brands such as Silver Spoon sugar and Twinings tea, said a 16 per cent growth [...]
A feast fit for a king to raise money for our real heroes February 7, 2012 The City’s hottest dinner ticket – the Square Mile Salute – is almost upon us again: and this year the organisers are hoping even to surpass last year’s fantastic evening. The charity event will see a bakers’ dozen of the country’s finest chefs prepare amazing canapés and caviar and an unbeatable six course feast accompanied [...]
Primark helps AB Foods lift its revenues January 19, 2012 DISCOUNT fashion chain Primark hailed strong sales during the festive period, helping its parent company Associated British Foods (ABF) post a rise in first quarter revenue. The FTSE 100 company, which also owns brands including Silver Spoon sugar and Twinings tea, said a 16 per cent growth in sales at Primark helped boost group revenues [...]