Associated British Foods

Penneys stores contribute to €1m-a-day profits last year for fashion retailer Primark

Retailer had 37 stores in Ireland during the financial year, although it opened a 38th store in Bray, Co Wicklow, in recent weeks

Mon Jul 22 2024 - 16:46

Wall Street recovery drives rise in global shares ahead of earnings reports

Euronext Dublin up just over 1% at close of business on ‘strong day’ for the market, traders say

Tue Apr 23 2024 - 17:50

Penneys and Primark owner AB Foods expects ‘significant growth’ in full-year profit

Recovery in margins at clothing chain fuels 39% jump in profit in first half of the year

Tue Apr 23 2024 - 07:59

Primark owner to invest over €117m in its UK clothing stores this year

Plans detailed by Penneys owner Associated British Foods include new store openings and extensions

Thu Feb 08 2024 - 10:22

Primark’s sales growth slows in Christmas quarter

No significant disruption to supply chain from Red Sea situation expected for now

Tue Jan 23 2024 - 09:17

European shares recoup losses but JD Sports shares plunge after profit warning

Ryanair arrests its slide with airline gaining 0.4% on Dublin listing

Thu Jan 04 2024 - 18:16

Primark drives strong sales at AB Foods as shoppers shrug off price hikes

The chain implemented ‘selective price increases’ for shoppers over the past year after reporting a spike in costs

Tue Nov 07 2023 - 08:33

Penneys owner raises profit outlook after rise in sales

Associated British Foods enjoys boost as shoppers buy more seasonal clothing and health and beauty products

Mon Jun 26 2023 - 07:47

Penneys owner under pressure from inflation and weak sterling

Fast fashion’s firm margins shrank 8.3% in first half of its financial year

Tue Apr 25 2023 - 10:01

Penneys owner Associated British Foods raises full year outlook

Resilient consumer demand for its budget fashion offering means Primark group now expects substantially higher sales

Mon Feb 27 2023 - 10:45

Primark to open 10 shops before Christmas amid ‘encouraging’ sales

Low cost high street retailer says cost volatility had ‘diminished’ since its previous update a month ago

Fri Dec 09 2022 - 10:47

Penneys add up for ABF’s gem in the Irish market

First time release of the company’s full accounts in Ireland shows it is a cash cow

Sat Jul 30 2022 - 05:31

Airlines take a hit over worries on inflation and oil prices

Twitter and Tesla lose ground as US tech sector stumbles

Tue Apr 26 2022 - 19:49

Penneys and Primark to raise prices as cost pressures mount

Retailer plans price increases for autumn-winter stock in delicate balancing act

Tue Apr 26 2022 - 08:04

European stocks clip losses as Russia and Ukraine hold talks

Euro zone banks brace for impact of further sanctions; Iseq ends session 0.73% higher

Mon Feb 28 2022 - 18:54

Primark trading picks up but remains below pre-pandemic level

Retailer, which trades as Penneys in Irish market, expects 60% rise in sales

Mon Feb 28 2022 - 08:20

Travel stocks lead European shares higher as airlines soar

Ryanair advances as oil stocks come off near two-year high

Thu Jan 20 2022 - 18:33

Primark to cut 400 managerial jobs across UK stores

Owner AB Foods says sales were up at retail chain despite Omicron denting footfall

Thu Jan 20 2022 - 15:14

Gardaí confirm Provisional IRA killed garda and soldier during Don Tidey kidnap

Patrick Kelly’s family call for end to ‘orchestrated nationwide campaign of misinformation’

Sun Jan 02 2022 - 16:16

Thai conglomerate in advanced talks to buy Brown Thomas and Arnotts

Stores are part of Selfridges portfolio of high-end retail outlets in €4.7bn deal

Thu Dec 02 2021 - 11:36

Discount retailer Primark plans aggressive US expansion

Company intends to grow its number of stores from 13 to 60 over the next five years

Tue Nov 09 2021 - 10:32

Fast fashion masters such as Primark fail to admit that climate conflicts are coming

Making sustainable clothing will mean either price increases or reduced profits

Fri Sept 17 2021 - 05:35

Primark promises to make clothes that last longer and are more recyclable

Parent’s share price drops as it says costs may increase but prices won’t

Wed Sept 15 2021 - 13:03

Iseq finishes up almost 1% as European indices snap four-day losing streak

Oil stocks up as US government tells majors it will buy their reserves

Mon Sept 13 2021 - 19:23

Penneys sales hit by Covid-19 restrictions in fourth quarter

Profits to beat expectations at Primark owner Associated British Foods

Mon Sept 13 2021 - 08:26

House builders shine on Iseq as wider European stocks advance

Overall gains capped by ongoing concerns over the Delta variant of coronavirus

Thu Jul 01 2021 - 18:59

Penneys owner raises full-year outlook after sales top expectations

Associated British Foods indicate sales advance over 200% year-on-year to €1.87bn

Thu Jul 01 2021 - 07:58

Primark opens first Czech Republic store as it eyes further expansion

Retailer plans more stores in Central and Eastern Europe

Thu Jun 17 2021 - 11:13

Brown Thomas and Arnotts may sell in £4bn Selfridges deal – report

Weston family appoint Credit Suisse to advise after unsolicited offer for group

Thu Jun 10 2021 - 18:48

Penneys owner to repay Covid supports received from State

Retailer has 36 stores waiting to reopen in the Republic and another 11 in the North

Tue Apr 20 2021 - 19:38

Galen Weston, owner of Brown Thomas and Arnotts, has died

Canadian’s transatlantic empire included majority stake in company behind Penneys

Tue Apr 13 2021 - 20:35

Penneys keeps expansion plans for Dundrum on hold

Retailer had been in talks to take two floors once occupied by House of Fraser

Wed Mar 24 2021 - 05:05

Penneys reports record sales in Irish stores after reopening

Parent company raises its estimate of lost sales due to Covid-19 lockdowns this autumn to £430m

Fri Dec 04 2020 - 15:47

Irish airline, hospitality and retail stocks soar on Pfizer vaccine news

Iseq index witnesses huge jump as Ryanair climbs 14%

Mon Nov 09 2020 - 13:43