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24/04/2012
Primark Expanding As Shopper's Look For Bargains
Primark set to expand as it benefits from tighter budgets.
Associated British Foods forecast a "substantial" rise in full-year earnings as under-pressure British shoppers turned to its Primark discount fashion stores and it benefited from high sugar prices in the first half of its financial year.
The London-based food and retailing group said on Tuesday earnings per share rose 5% to 34.4p in the 24 weeks to 3 March compared with a forecast of 33.5p from a Reuters survey of eight brokers.
"AB Sugar and Primark both performed strongly, demonstrating continuing momentum. We expect substantial growth in both adjusted operating profit and adjusted earnings per share for the group for the full year," said George Weston, the group chief executive, in a results statement.
Primark's 233-store chain enjoyed a 15% rise in half-year revenue helped by a rise in like-for-like sales of 2% and its new store opening programme, and expects its current rate of store expansion to continue.
In its second half, the group expects to open four new stores in Spain, one in Germany and one in Britain.
(H)
Associated British Foods forecast a "substantial" rise in full-year earnings as under-pressure British shoppers turned to its Primark discount fashion stores and it benefited from high sugar prices in the first half of its financial year.
The London-based food and retailing group said on Tuesday earnings per share rose 5% to 34.4p in the 24 weeks to 3 March compared with a forecast of 33.5p from a Reuters survey of eight brokers.
"AB Sugar and Primark both performed strongly, demonstrating continuing momentum. We expect substantial growth in both adjusted operating profit and adjusted earnings per share for the group for the full year," said George Weston, the group chief executive, in a results statement.
Primark's 233-store chain enjoyed a 15% rise in half-year revenue helped by a rise in like-for-like sales of 2% and its new store opening programme, and expects its current rate of store expansion to continue.
In its second half, the group expects to open four new stores in Spain, one in Germany and one in Britain.
(H)
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23 April 2014
Primark Sees Profits Up 26%
The giant discount fashion retailer Primark has seen its half-yearly operating profits rise 26% to £298m, while the owner Associated British Food (ABF) said its clothing arm saw the surge in profits in the 24 weeks to March 1 with incomes up 14% to £2.278bn.
Primark Sees Profits Up 26%
The giant discount fashion retailer Primark has seen its half-yearly operating profits rise 26% to £298m, while the owner Associated British Food (ABF) said its clothing arm saw the surge in profits in the 24 weeks to March 1 with incomes up 14% to £2.278bn.
16 June 2011
Panorama's Primark 'In Breach, Says BBC Trust'
The BBC Trust's Editorial Standards Committee (ESC) has found that a Panorama programme 'Primark: On the Rack', broadcast in June 2008, breached the BBC Editorial Guidelines on accuracy and fairness.
Panorama's Primark 'In Breach, Says BBC Trust'
The BBC Trust's Editorial Standards Committee (ESC) has found that a Panorama programme 'Primark: On the Rack', broadcast in June 2008, breached the BBC Editorial Guidelines on accuracy and fairness.
14 May 2010
George Awarded Damages Over 'Obsession'
The man cleared of murdering TV presenter Jill Dando after spending seven years in jail has won damages over newspaper claims. Barry George brought the case over claims that he was obsessed with singer Cheryl Cole and newsreader Kay Burley. The claims were made in the Sunday Mirror, the People and on the Daily Mirror website in 2008.
George Awarded Damages Over 'Obsession'
The man cleared of murdering TV presenter Jill Dando after spending seven years in jail has won damages over newspaper claims. Barry George brought the case over claims that he was obsessed with singer Cheryl Cole and newsreader Kay Burley. The claims were made in the Sunday Mirror, the People and on the Daily Mirror website in 2008.
07 April 2008
Primark Escalator Fall Girl 'Critical But Stable'
A three-year-old girl who suffered multiple injuries in a fall from an escalator in Primark in Liverpool remains "critical, but stable" in hospital. Evie Parry broke a leg and an arm and suffered internal injuries when she fell 100ft from the second floor to the ground floor between escalators.
Primark Escalator Fall Girl 'Critical But Stable'
A three-year-old girl who suffered multiple injuries in a fall from an escalator in Primark in Liverpool remains "critical, but stable" in hospital. Evie Parry broke a leg and an arm and suffered internal injuries when she fell 100ft from the second floor to the ground floor between escalators.
26 June 2014
Third Alleged SOS Messages Found On Primark Label
Karen Wisínska, a shopper from Co Fermanagh, in Northern Ireland has became the latest Primark customer to find an SOS note hidden in clothes bought from the low-cost retailer, following the discovery of two other messages by two shoppers in Wales.
Third Alleged SOS Messages Found On Primark Label
Karen Wisínska, a shopper from Co Fermanagh, in Northern Ireland has became the latest Primark customer to find an SOS note hidden in clothes bought from the low-cost retailer, following the discovery of two other messages by two shoppers in Wales.
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Northern Ireland WeatherToday:A very mild, but mostly cloudy day, although with some bright or sunny spells. It will be mostly dry in the morning, but a little patchy light rain or drizzle at times in the afternoon. Maximum temperature 14 °C.Tonight:A band of heavier rain will move east during the evening before clearing eastwards after midnight. then mostly dry through the early hours, but a little rain towards dawn. Minimum temperature 8 °C.
