Rain

Rain

max temp: 12°C

min temp: 8°C

ESTD 1874 Search

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.

shares

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.

shares

0 comments

Ipswich Crown Court

A 19-year old man who met up with a 13-year-old girl and exchanged text messages with her despite being given a police caution for kissing her several months earlier has been sentenced to 21 months youth detention.

The vandals tore through Bury St Edmunds

A drunken “night of madness” saw vandals rack up over £5,000 of damage to cars, pubs and property as they roamed the streets of Bury St Edmunds.

St Edmundsbury Cathedral overlooking colourful displays in the Abbey Gardens

Suffolk’s most important religious building has been awarded a £300,000 Government grant to pay for urgent roof repairs.

Josephine Murphy

An 86-year-old woman who had gone missing from Clacton has been found safe and well

Aftermath of a barn fire in Holton.

A television antiques expert has appealed for help rebuilding his eco-friendly arts centre in Suffolk after a major blaze destroyed the historic sawmill that was to be its showroom and workshops.

Darsham Nurseries head chef Lola DeMille and chef Tom Eagle in the cafe where they are donating money from one of the dishes to the World Land Trust.

An international conservation charity based in Suffolk is one of three organisations to benefit from a new campaign raising awareness about the impact of meat production on health, welfare and the environment.

Suffolk County Council's base at Endeavour House

Up to 23 jobs could go in a major shake-up of Suffolk County Council’s education services.

Latitude Festival, at the Henham Estate near Southwold

Suffolk poet Luke Wright has seen the Latitude festival grow from a modest boutique gathering in 2006 to one of Britain’s biggest music and arts events.

Fire crews

Firefighters tackled a lorry fire in Ipswich last night, after police reported the vehicle in Hatfield Road.

Last year's Colchester Half Marathon.

Thousands of people will be pounding the streets of Colchester tomorrow as the town’s half marathon event returns.

Most read

Most commented

Topic pages