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Owner Associated British Foods said sales across its business had 'exceeded our expectations' in recent weeks.
Associated British Foods <ABF.L> on Monday forecast full-year profit for its Primark fashion chain "at least at the top end" of previous guidance after post-coronavirus lockdown trading exceeded its expectations. The hit to Primark's profit when its stores across Europe were closed is seen outweighing a "very strong" increase in profits for its sugar, grocery, agriculture and ingredients businesses. Shares in AB Foods, majority owned by the family of CEO George Weston, were up 3.2% at 0843 GMT.