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25 February 2021 | 07:40am StockMarketWire.com - Associated British Foods said it expected to reopen 83% of Primark stores by 26 April, and forecast better-than-expected first-half performance for its grocery, sugar, agriculture and ingredients businesses. [W]e have likely reopening dates for 233 stores in addition to the 77 stores already open, so that 83% of our retail selling space should be trading by 26 April, the company said. Primark s adjusted operating profit in the first half,, was expected to be marginally above break-even, compared with a profit of £441m for the same period in the last financial year, following an estimated £1.1 billion loss owning to shuttered stores as a result of lockdowns in the UK and Europe. ....
25 February 2021 | 08:38am StockMarketWire.com - The FTSE 100 climbed almost 20 points to 6,678.32 this morning, continuing its resurgence from yesterday on the back of stronger oil prices. The Government s roadmap out of lockdown, announced at the start of the week, has continued to provide a boost to the outlook for many businesses. Associated British Foods today said it expected to reopen 83% of Primark stores by 26 April, and forecast better-than-expected first-half performance for its grocery, sugar, agriculture and ingredients businesses. Its share price continued on its upward trajectory, reaching £24.38 this morning. Spectris Shares price was down 1.39% at £30.45 in spite of announcing a 5% increase in its full year dividend for 2020, alongside a £200 million share buyback programme. ....