The Daily Briefing

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16th January, 2020
The Daily Briefing
The performance of Penneys/Primark was a highlight when Associated British Foods issued its last update

Associated British Foods, the parent company of Primark/Penneys, issues a trading update. In November it reported annual 2019 earnings of £1.38 per share and revenues of £15.82 billion, 1.61 per cent above the year before. “The group delivered a resilient performance this year, with strong profit growth from grocery and Primark, which more than offset the profit decline in sugar,” George Weston, its chief executive, said.

The consumer price index for December is published...

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