Pick-up in Primark sales prompts AB Foods to nudge up earnings forecast
Sales at the Penneys' owner are expected to be up 7.5% in the first half
Associated British Foods edged up its full-year earnings forecast on Monday, helped by recent currency moves and a pick-up in trading at its Primark clothing chain.
The firm which also has major sugar, grocery, agriculture and ingredients businesses, said it now expected a "marginal decline" in adjusted earnings per share in its 2015-16 year, having previously forecast a "modest decline".
AB Foods made adjusted earnings per share of 102 pence in 2014-15.
The ...
