Bookmark Article
Shares in Associated British Foods (ABF), the parent company of Primark, declined following a significant drop in UK sales and a loss of market share for the budget clothing chain. The company cautioned that consumer confidence could further deteriorate due to the potential for recession in several countries, exacerbated by Donald Trump’s trade policies. ABF, which also owns various food brands and a sugar business, highlighted the broader economic impact of US trade wars on global markets.
