Stock Market

© Reuters. — Here is a summary of the most important regulatory news releases from the London Stock Exchange on Friday, 6th December. Please refresh for updates.

  • Primark is set to be outshone for once by the other half of Associated British Foods (LON:) over the next 12 months.
  • Chairman Michael McLintock will tell the company’s annual shareholder meeting that the traditional sugar and grocery businesses are both on course for strong years, sugar benefiting from the upturn in commodity prices in the EU over the previous year, and Twinings benefiting from a more efficient tea supply chain.
  • Primark, meanwhile, is likely to see its profit margins fall slightly, as a weaker pound bumps up purchasing costs, offsetting the benefit of overhead reductions.
  • McLintock will reiterate the company’s guidance for a modest increase in adjusted earnings per share this year and will also say that the group is now fully prepared for Brexit.
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