Updates

Associated British Foods - Primark to open in U.S.

July 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

One of the few shares to hit new highs is Associated British Foods, which released in-line interims, showing pretax profit and eps rising 4% and 10% respectively to £468m and 45.8p. Primark is going great guns with sales rising 14% to £2,278m and profits increasing 26% to £298m. Retail selling space increased by 0.6m sq. ft. and at 1 March it was trading from 269 stores and 9.6m sq. ft. What particularly excited investors though was news that it will start opening stores in the North East of the USA, initially at the 70,000 sq. ft. historic Burnham building, which is currently being renovated, in Boston. This will open late 2015 with further stores to open in 2016. While the US has been a graveyard for the likes ...

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Babcock International - New 92.9p eps forecast for 2015

Associated British Foods - Primark eyes terrific US growth potential (August 2023)

Associated British Foods (July 2016)

Associated British Foods - Primark sales rise 15% (March 2015)

Associated British Foods - Primark lifts share of profit from 42% to 57% (January 2015)

Associate British Foods (September 2014)

Associated British Foods - Discount clothing chain Primark driving up shares (March 2014)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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