AB Foods beats expectations despite Primark dip

Despite giving a very detailed trading update as recently as mid-September, Associated British Foods, the owner of Primark, still managed to surprise on the upside with its full-year results.

Despite giving a very detailed trading update as recently as mid-September, Associated British Foods, the owner of Primark, still managed to surprise on the upside with its full-year results.

The international food, ingredients and retail group, which operates in 46 countries, said revenues went up 9% to £11.1bn. The market has pencilled in a figure of £10.96bn.

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