Sunny

Sunny

max temp: 21°C

min temp: 16°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

East Anglia: ABF hails sales growth for sugar business and fashion chain Primark

15:06 17 January 2013

Primark

Primark's sales growth outstripped that of its major rivals over Christmas, owner Associated British Foods revealed today

ASSOCIATED British Foods revealed today that its budget fashion chain Primark had left rival retailers trailing in its wake over the key Christmas trading period, with a 25% increase in sales.

And the group also reported increased revenues from its sugar business, which includes UK beet processor British Sugar, although it warned that poor growing conditions last year had resulted in a lower beet yield and sugar content.

ABF’s update for the 16 weeks to January 5 did not include a like-for-like sales figure for Primark but retail analysts said that, taking into account the opening of new stores, the total sales figure appeared to indicate same-store growth of around 9%.

Neil Shah, analyst at Edison Investment Research, said: “Primark has delivered a lesson in clothing retailing to the UK high street with the best of any sales figures over the final quarter.”

Elsewhere, ABF said revenues within its sugar business were 12% up compared with the same stage last year, and those from its agriculture division, which includes AB Vista were 3% ahead.

Revenues from its grocery division, which includes brands such as Kingsmill, Ryvita, Twinings, and Ovaltine, and its ingredients business were both flat.

ABF said UK sugar sales volumes so far were up on last year’s abnormally low level, with prices marginally higher.

But it warned that, due to the poor growing season, UK production for the current year was expected to total only 1.13million tonnes, against last year’s 1.32m, and profit for the current year would be lower as a result.

0 comments

Filming for the new BBC comedy drama 'Detectorists' in Framilngham. Mackenzie Crook on the set.

Film firm which has worked on Star Wars, The Apprentice, BFG and Jason Bourne films hopes to bring blockbusters to Suffolk

Stock image. The road closure along the B1113 has been lifted five weeks early, meaning motorists will no longer see diversion signs.

A road closure that threatened to disrupt summer trade for a number of businesses in mid Suffolk has been lifted five weeks early.

Virya Group team members at JandBeyond, Barcelona: Chiara Aliotta, Ruth Cheesley, Dan Marks, Sam Austin, Yiota Ziaggou, Marco Dings.

Ipswich-based digital media firm Virya Group has scooped a tech industry accolade.

A company in Gt. Blakenham has been making insoles for years but everything has suddenly taken off since Usain Bolt started using their products. Pictured is director Bente Smith-Rewse.

He is one of the most recognisable, decorated and influential sportsmen on the planet – but Usain Bolt is now endorsing a product made in the heart of Suffolk.

Ryanair says it will be cutting frequency of flights from Stansted this winter following the Brexit vote.

Ryanair is set to cut capacity and frequency on many of its Stansted routes this winter following the Brexit decision.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24