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Primark Under Pressure From Inflation and Weak Sterling

Primark Owner Raises Outlook on Consumer Resilience

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…


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