Business

Coronavirus: Lockdowns deliver £2bn hit to Primark annual sales

Primark’s inability to trade online during coronavirus lockdowns has prompted a 40% slump in its parent firm’s annual profits. Associated British Foods (ABF) said enforced closures of the discount fashion retailer’s stores lost it an estimated £2bn in revenue and outweighed increases to its bottom line from its sugar, grocery, agriculture and ingredients divisions in […]