The Guardian Australia – Business
·business
·2 hours ago
Primark to split from food business despite warning of Iran war impact
Primark will separate from its food business next year amid warnings that ongoing Middle East conflict may harm consumer spending. Associated British Foods reported a 2% sales decline to £9.46bn and a 9% drop in pre-tax profits to £632m in its latest financial results. The demerger aims to maximize shareholder returns and adapt to market challenges.
Summary by Glance · The Guardian Australia – Business
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