Editor
Profit is under pressure at budget fashion chain Primark as the retailer struggles with a weaker pound and the effort to keep clothing cheap for cash-strapped shoppers.
Primark’s margin shrank to 8.3 percent in the first half from nearly 12 percent a year earlier, owner Associated British Foods Plc said Tuesday. AB Foods, a conglomerate which owns a range of businesses from grocery to agriculture, said full-year profit in its sugar business…
