ABF – Sugar And Primark Lead The Success

Associated British Foods ABF reports another highly successful year with a rise of 51% in profit before tax and 47% in earnings per share, including profits resulting from the sale of businesses. Without that bonus  and after growth of 6% in revenue for the year to the 16th September, the adjusted rises in profit before […]

ABF Expects Good Full Year Growth From Primark

AB Foods ABF Markdowns at Primark have fallen even more since the third quarter, further improving the outlook for the full year to the 16th September. Good growth is now expected in both adjusted operating profit and earnings per share. The weakness of sterling has also played its part and will provide a currency windfall […]

Is Primark Ex Growth ?

Associated British Foods ABF freely admits that it has been a major beneficiary of sterling weakness over the 40 weeks to the 24th June. Group revenue during the period  grew at constant currency rates by 10% but on an actual exchange rate basis it was double that at 20%. Third quarter underlying operating performance was […]

Weak Sterling Continues to Hit Primark

Associated British Foods ABF expects excellent progress in adjusted operating profit and earnings per share for the half year to the 4th March. Primark sales are expected to be11% ahead at constant currency rates and 21% ahead at actual exchange rates but on a like for like basis UK Primark sales will show growth of […]

Primark Sales Fall as UK Weather Bites

Associated British Foods ABF Whoever would have thought that ABF would be reduced to the state where it has to blame poor sales at Primark on unseasonable UK weather. First Christmas was too hot and then March and April were too cold, it bleats. It has also joined that raft of companies which has now […]

HSBC Worried About China

HSBC (HSBA) has found slowing growth in China is creating a bumpier financial environment and becoming an increasing cause for concern. Reported profit before tax for 2015 rose by 1% (far, far less than Chinas reported growth ) and operating costs rose by a sturdy 5%. At least it had a year free of new […]

Has Primark Gone ex Growth ?

Associated British Foods, ABF, owners of Primark have been reduced to claiming that Primark has been impacted by currency rates.  Amazing how when things start to go wrong currency rates is the directors first choice as to where to lay the blame. The fact that in the previous years of heady growth, currency rates never […]