AB Foods lifted by Primark sales boost

Shares in Associated British Foods rose 2.6% after the company reported a better-than-expected performance from its Primark clothing chain. AB Foods said third-quarter revenues were up 13% when exchange rate movements were stripped out, and 20% higher at actual exchange rates. The firm said its results were better than forecast because of “stronger profit delivery […]

Superdry owner Supergroup plans sports stores

Shares in the owner of Superdry have risen after it reported a big rise in profits and plans for standalone sports stores. Supergroup said it would expand its Superdry sportswear business through “shops in shops, franchise outlets and an extended online presence”. Its comments came as it reported a 53% rise in full-year pre-tax profits […]