London-based retailers Associated British Foods (LON:ABF) has warned that it expects to lose £1.05bn if Primark stores are not allowed to reopen before the end of the financial half-year next month. Currently 305 stores are closed, representing 76% of ABF’s retail selling space. On Thursday the company released a trading update for the 16 weeks […]

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Primark owner Associated British Foods plc (LON:ABF) has released its pre-close trading update for the full year ending September 2020, with emphasis on Primark’s “strong” performance in the fourth quarter, despite the looming impact of the coronavirus pandemic on retail sales. All Primark stores across the UK were reopened in staggered phases between May, June […]

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Fashion retailer Primark, an Associated British Foods (LON:ABF) subsidiary, has turned down a £30 million offer from the UK government for bringing back its 30,000-strong furloughed workforce. The high street clothing chain stated that it “should not be necessary” to take the government up on its offer, which includes a £1,000 bonus for each employee […]

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Associated British Foods PLC (LON:ABF) have told shareholders that their Primark retail business could face significant bruising from the ongoing coronavirus pandemic – in an update published this morning. “Our priority continues to be the health and safety of our colleagues, customers and partners. Each of our businesses are closely monitoring the current and potential […]

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AB Foods plc (LON:ABF) have told the market that the coronavirus may impact their half year results. The multinational firm have said that they expect to announce their interim results at the end of April – however the recent outbreak of the coronavirus may dampen these. Primark sales and performance remained strong – the firm […]

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Following a protracted session of posturing and taunts, the ‘phase one’ of the US-China trade deal was signed on Wednesday. This was met with a measured reaction from most, except the Dow Jones, which hit 29,000 points for the first time in its history. Despite the giddiness of this news having already been priced into […]

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