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Feb 24 2020, 08:40 GMT
Associated British Foods
In-line statement; German progress continues at Primark
- Sectors : Foods
- Companies : Associated British Foods
DAVY VIEW
Associated British Foods’ pre-close statement points to a solid first half, led by strong trading in Primark’s eurozone markets and the continued rebuild in Sugar profits. Management’s bullish tone on Primark US continues. Further evidence of the recovery in Germany will be well-received. Wider concerns over the impact of coronavirus (sourcing) may weigh on the equity in the near term.
