Primark Owner AB Foods’ Shares Tumble After Performance Disappoints
Shares in Associated British Foods slumped after the company said it expects modest sales growth at clothing business Primark in the second half of fiscal 2025, while its food businesses performed in line with its expectations despite a continued challenging environment.
At the market open in London, shares tumbled after what analysts described as a softer-than-expected performance update and vague outlook. The stock sank as much as 12% to 1,966 pence—its lowest price in five months.
The British conglomerate on Wednesday said Primark...
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