City A.M 
Associated British Food's (ABF) share price fell three per cent in morning trading as the Primark owner gave the market few details on its like-for-like sales growth. In its first quarter trading update, ABF said Primark's sales were up 11 per cent at constant currency and that "the UK performed well". However, the business has also been expanding, opening 15 new stores in the period - but ABF did not state its like-for-like sales, saying only that the figure was "good". In addition, the company said like-for-like sales fell in Germany and the Netherlands. Read more: Primark Owner ABF shoots to top of FTSE 100 as full-year revenues rise Nicholas Hyett, analyst a Hargreaves Lansdown, said: "There's relatively little commentary on the US (which is where a lot of the growth story is based in the long run) and looking at the new retail space opened it looks like most of Primark's increased sales growth has come from new stores rather than like-for-like sales growth." UBS analysts said Primark's like-for-like sales were probably between zero and one per cent, with like-for-likes in the UK around two per cent. The group's sugar business also performed strongly, with revenue growing 22 per cent on the year before. "In the UK, production is projected to be just under 900,000 tonnes as a result of a smaller beet crop and yields marginally lower than last year," ABF said.  "Sales are now largely contracted for this year and with higher prices, lower beet costs and a weaker sterling/euro exchange rate, British Sugar's full year operating result will improve substantially."
▼ Related news : 
Coventry shoppers slam Primark over 'ridiculous' Walking Dead t-shirt ban
Coventry Telegraph  
Walking Dead actor mocks claims of racism after Primark T-shirt is withdrawn
Birmingham mail  
Walking Dead actor who plays Negan hits out as Primark pulls TV show T-shirt after claims of 'racism'
Daily Record  
Primark attacked over ban on Walking Dead T-shirt following 'racism' complaint
Birmingham mail  
"Holy cr*p, people are stupid": Walking Dead actor blasts Yorkshire man who got Primark to ban 'racist' t-shirt
Yorkshire Evening Post  
Walking Dead actor Jeffrey Dean Morgan launches furious rant against Primark T-shirt ban
Petition launched to reinstate 'racist' Walking Dead t-shirt in Primark stores after Yorkshire man's complaint sparks ban
Yorkshire Evening Post  
The Walking Dead T-shirt removed from Primark over complaint that it was racist
Manchester Evening News  
'Offensive' Walking Dead T-shirt pulled from Primark shops after complaint
Chronicle Live  
Backlash after Primark pulls 'fantastically offensive' Walking Dead T-shirt
BBC News  
Primark pulls 'racist' Walking Dead T-shirts from shelves
Coventry Telegraph  
Walking Dead: Primark forced to can 'offensive' t-shirts from popular zombie show
Daily Star  
Twitter backlash after Primark pulls TV t-shirt for 'racism' after one complaint
Daily Express  
Primark pulls 'fantastically offensive' Walking Dead t-shirts off shelves
Evening Standard  
Latest news and headlines !

: Sir Gerald Kaufman, Labour MP for Manchester Gorton and Father of The House of Commons, has died aged 86

: Theresa May is preparing to trigger Article 50, but Monday's papers focus on the possible fallout.

: Bill Owens refused to meet President Donald Trump when his son's body was flown back to the US.

: If he's worried then everyone else should be

: The Oscars  is the one occasion (other than your own wedding) when it is impossible to be overdressed and  Felicity Jones  really nailed the ...

: A grandmother has been deported from Britain with just £12 in her pocket despite living in the UK for 27 years. Buzzfeed News has reported Irene...

: Reports the treatment of women at Uber have thrown new light on the technology sector's hiring practices - which appear a lot less progressive than might be expected...

: Having a focused sense of purpose is important to negotiating a full life. Defining purpose is dynamic and will depend on where a person might be in her life. I've found that my purpose ...

: (Reuters) - It is in Kuala Lumpur's "Little India" neighborhood, behind an unmarked door on the second floor of a rundown building, where a...

: Hollywood has long stoked the interest of fans, and savvy marketers of products and causes have brought the two elements together over the years. Here is an overview the latest iteration.

: PLUS: Cesc Fabregas pledges his future to Chelsea AND Hector Bellerin might consider a City switch

: Harriet Harman, 66, revealed she had no photographs, cake or even guests at her 1982 wedding Jack Dromey. She said they just had a bottle of champagne in the garden...
About - Privacy & Terms -
Copyright © 2015