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ABF shares drop as Primark sales fall


By Dan McGrath

Shares in Associated British Foods (ABF) dropped by over 9% earlier today as it reported that like-for-like sales at Primark are expected to drop by 2.6% year-on-year in the 12 months to 12 September.

The multinational food processing and retailing group stated in its latest update that despite a challenging consumer environment in most markets, it has continued to strengthen its Primark customer proposition


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