Primark expected to announce sales rise as parent firm gets ready to update investors

Shares in Associated British Foods, which owns Primark, have risen by around a quarter over the past year

Staff at the opening of the new Penneys store in Dundrum, Dublin last year

Associated British Foods (ABF), the parent firm of Primark, is expected to announce another rise in sales when it updates investors next week.

However, disruption from delayed shipments due to travel through the Red Sea, weaker British high street footfall and wage hikes from April could all pose a challenge to the firm’s recent progress.

Shares in the company, which also owns large grocery and agriculture operations, have lifted by about a quarter over the ...