Sterling weakness will help Penneys owner ABF
Primark sales growth hit by poor recent weather
Associated British Foods, the British owner of the Primark budget clothing chain, has raised its earnings forecast for the year as sterling's weakness in the wake of the EU referendum will boost the value of profits earned outside its home market.
Sterling's fall to levels not seen in more than 30 years will provide a favourable translation effect at its sugar business and for profits made outside Britain, the London-based company said in ...
