Nov 9, 2021
Primark plans overseas expansion as margins bounce back
Primark will accelerate its international expansion in major markets including the US, France, Italy and Iberia as owner Associated British Foods forecast a significant increase in sales and "Sharp improvement" in margins next year. "Although the possibility of further trading restrictions cannot be ruled out, we expect Primark to deliver a much improved margin and profit next year," boss George Weston said. Genomics group Oxford Nanopore has upgraded its revenue guidance for next year and the year after a "Significant expansion of the group's activities in a large customer project in UAE". German publishing group Axel Springer plans to force employees to disclose sexual relationships between managers and subordinates after a scandal at flagship paper Bild, our correspondents report. Shares in SoftBank Group jumped as much as 12.5 per cent on Tuesday morning after the Japanese company said it would buy back ¥1tn in stock, William Langley reports from Hong Kong.
Related companies
Make a complaint about Primark by viewing their customer service contacts.
