British Foods maintains strong Primark growth

Associated British Foods banked a 5% rise in profits today after expanding its Primark clothing chain and seeing a recovery for its sugar business.

The company, which owns Silver Spoon, reported adjusted half-year pre-tax profits of £268m (€394.5m), up from £255m (€375.4m) last year, while revenues grew 12% to £3.22bn (€4.74bn).