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The Latest Breaking News from Associated British Foods

UK grocery inflation hits 14.7%; recession looms as housing market weakens – as it happened

UK households face £682 rise in annual grocery bill as prices soar, and there’s ‘no peak in sight’

The Guardian - UK

FTSE 100 Live: Food price inflation hits record 14.7%, Binance acquires crypto exchange FTX

Marks & Spencer today revealed a 24% drop in half-year profits and said its Ocado Retail joint venture will be loss making this year.

Evening Standard

Primark owner expects lower profits as energy bills rise by £100m

Associated British Foods warns of hit from soaring costs and drop in customer spending at fashion chain

The Guardian - UK

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Associated British Foods appoints M&S finance boss Tonge as CFO

He replaces John Bason who will head up strategic advisory board at fast fashion retailer

Evening Standard

Primark boss makes bleak confession about all of the items being stocked in stores

He's admitted to being full of 'regret'

Manchester Evening News

Primark to raise prices amid cost of living crisis leaving shoppers 'gutted'

John Bason, finance director at Primark's parent company Associated British Foods said the clothing and beauty retailer were committed to 'affordability for everyone' despite the price hikes.

Glasgow Live

Primark boss says he 'regrets' decision to raise prices on clothing this year

Fashion giant Primark has a reputation for value, but now the retailer says it is being forced into a series of price hikes because the rising cost of living is hiking its own costs

Daily Mirror

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Primark hints at new click and collect shopping ahead of website launch this month

Primark is preparing to launch a new website this month and the finance director of its parent company, Associated British Foods, says "click and collect" may be a possibility in the future

Daily Mirror

Primark sales to jump 60% after pandemic recovery

Associated British Foods said its sales and profits are ‘strongly ahead’ of last year.

The Independent UK

Primark to slash 400 shop floor jobs under major new restructuring proposals

Associated British Foods, which run Primark, have also stated they are launching a new website that will display more of their products.

Daily Record

Primark to cut 400 shop floor jobs across UK stores amid major restructuring plans

It comes as Primark's Owner, Associated British Foods revealed a hit to trading as Omicron kept shoppers away

Manchester Evening News

UK households hit by rising cost of living; Omicron lifts US jobless claims to three-month high – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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