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FTSE 100 hits record high; UK borrows £120bn last year, leaving ‘limited scope’ for pre-election tax cuts– business live
Rolling coverage of the latest economic and financial news, as FTSE 100 hits alltime high of 8071 points
Primark’s owner Associated British Foods is the top riser on the FTSE 100 this morning, up over 7%, helping to push the index to new heights.
ABF predicted “significant growth” in profitability this year, and posted a 37% rise in pre-tax profits for the 24 weeks to 2 March, to £881m.
We expect Primark to continue to perform well in the second half driven by our store expansion programme and the modest levels of like-for-like growth, as we focus on driving volumes.
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