Primark-owner shares sink after consumer spending warning
Source: BBC
Shares in Primark-owner Associated British Foods (ABF) sunk more than 10% on Tuesday after a warning from the firm over "consumer caution" amid a cost of living pressures.People are concerned about rising inflation and also fear unemployment, said George Weston, chief executive of ABF.Mr Weston said that market conditions were "challenging", with concerns over the wider economy meaning customers were being more…
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