Primark to axe 400 manager roles
21st Jan 2022 11:26
(Sharecast News) - Fashion retailer Primark is to axe 400 UK roles as it looks to simplify its management structure.
Read moreFriday newspaper round-up: Baltic Dry Index, BT Group, Unilever
21st Jan 2022 06:43
(Sharecast News) - In times of market dislocation, it rises sharply to reflect the difficulties in transporting goods - and during the pandemic it has done little else but rise, peaking at more than 5,700. [...] That peak in the Baltic Dry Index was hit on October 7. Since then, the index has fallen sharply, halving within a month. Though it jumped in the run-up to Christmas, it has dropped back again since. Yesterday it fell further, its tenth consecutive daily decline, to 1,570. To put that in context, that puts the index back only to February 2021 levels but not completely out of kilter with the average over the past decade. - The Times
Read morePrimark sales up 36% despite Omicron hit over Christmas
20th Jan 2022 07:04
(Sharecast News) - Associated British Foods said fourth quarter sales at its Primark stores rose 36% despite a hit from the surge in Covid Omicron cases, but were now showing signs of recovery as it maintained full-year group guidance.
Read morePrimark trading ahead of expectations, says AB Foods
10th Dec 2021 07:04
(Sharecast News) - Associated British Foods said Primark trading for the year to date was ahead of expectations with improved like-for-like sales compared to the final quarter of last year, but warned of increasing Covid cases hitting stores in Europe.
Read moreWeston family agrees £4bn sale of Selfridges Group
2nd Dec 2021 07:39
(Sharecast News) - High-end department store chain Selfridges Group has sold for £4bn, it was reported on Thursday, to the privately-held Thailand conglomerate Central Group.
Read moreAB Foods sees 'significant progress' but warns on rising costs; Pays special divi
9th Nov 2021 07:04
(Sharecast News) - Primark owner Associated British foods said it expected "significant progress" in the current year as it reported a rise in annual profits but warned that food prices may have to rise due to increasing costs.
Read moreTuesday preview: US Producer prices, ABF in focus
8th Nov 2021 20:09
(Sharecast News) - Tuesday's main data point will be published in the US, where the Department of Labor is scheduled to release wholesale price figures covering the month of October.
Read moreUK retailers want human rights law to protect supply chain workers
22nd Oct 2021 10:23
(Sharecast News) - More than 35 retailers, manufacturers and investors including Tesco, John Lewis, Primark, Asos and Unilever have called on the UK government to introduce a legal requirement for companies to carry out human rights and environmental checks on their global supply chains.
Read moreAB Foods raises outlook despite weaker Primark sales
13th Sep 2021 07:36
(Sharecast News) - Associated British Food raised its full-year profit outlook as weaker-than-expected fourth-quarter sales at Primark were offset by strong profit margins in the fashion business and a solid performance from its food and sugar divisions.
Read moreAB Foods raises outlook despite weaker Primark sales
13th Sep 2021 07:36
(Sharecast News) - Associated British Food raised its full-year profit outlook as weaker-than-expected fourth-quarter sales at Primark were offset by strong profit margins in the fashion business and a solid performance from its food and sugar divisions.
Read moreCredit Suisse upgrades Boohoo, says governments might ban Shein app
9th Sep 2021 15:30
(Sharecast News) - Analysts at Credit Suisse upgraded their recommendation for shares of Boohoo to 'outperform', telling clients that Western governments looked set to step in and "level up the playing field" against Chinese fashion retail app Shein.
Read moreWednesday broker round-up
25th Aug 2021 15:21
(Sharecast News) - Asos: Deutsche Bank initiates at buy with 5,400.0p target price.
Read moreOlam seeks London IPO for food ingredients unit
13th Aug 2021 08:20
(Sharecast News) - Olam International is looking to float its food ingredients unit in London in 2022.
Read morePrimark sales boost ABF's full-year outlook
1st Jul 2021 07:02
(Sharecast News) - Associated British Foods said it expected annual profit to be in line with the year before after sales at Primark outstripped forecasts in the third quarter.
Read moreShoreCap stays at 'buy' on ABF, hails strong showing for Primark
20th Apr 2021 15:32
(Sharecast News) - Analysts at Shore Capital reiterated their 'buy' stance for shares of Associated British Foods, highlighting the strong showing for Primark stores since the UK economy began to reopen.
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