Shares in retailer’s parent company ABF fall despite company raising its profits forecast
Sales at Primark slumped by as much as a quarter during some weeks over the summer period, as the “pingdemic” in the UK and impact of the Covid-19 pandemic in European markets kept shoppers at home.
Shares in Primark’s parent company Associated British Foods dropped by 3% on Monday morning, making it the FTSE 100’s biggest faller, despite raising its profit guidance for the year to 18 September.
