Markets Markets Update: Penneys owner rises on solid results; Iseq dropsAnalysts and investors applauded Penneys owner Associated British Food’s quarterly results, which they said showed resilience
Companies Underlying sales growth slows at Penneys over busy Christmas periodThe British clothing retail chain posted like-for-like sales growth of more than 2 per cent, which was considerably weaker than the previous quarter
Markets Markets Wrap: Shares at Penny’s owner soar as US tech stocks boomAssociated British Foods ended the day 6.7 per cent higher
Markets Markets Update: Irish stocks sit unscathed by steep decline in producer prices ISEQ All Share held steady at 8,208 points, up 7.3 points
Companies Profit increases to £1.5bn at Penney’s owner despite higher cost inflation Group revenue at Associated British Foods increased 15 per cent to almost £20 billion for its 2023 financial year
Companies Penneys owner expects operating profit to be ahead of last yearRevenue in the year to date is £14.3 billion
business No plans for Penneys click and collect in Ireland even as Primark extends service in BritainPrimark’s margin fell to 8.3% in the six months to March, down from nearly 12% a year earlier, according to its owner Associated British Foods
Companies Primark, Penneys sales up 15% after record Christmas salesAssociated British Foods, which owns Primark and Penneys, said consumer spending had proven more resilient than expected
Vincent Boland: Naive Cameron’s bromance ends in controversy and recriminationThe scandal currently consuming David Cameron is an example of what can happen when a financier with a big idea encounters a captive audience unable to figure it out