|Bid||3,670.00 x 86800|
|Ask||3,870.00 x 18000|
|Day's range||3,680.00 - 3,824.00|
|52-week range||3,565.00 - 5,705.00|
|PE ratio (TTM)||8.47|
|Earnings date||14 Sep 2017|
|Dividend & yield||2.01 (4.09%)|
|1y target est||4,157.70|
** Marks & Spencer falls 2.3 pct after reporting falling food and clothing sales, despite the company insisting a turnaround was "on track" ** Q1 clothing LfL down 1.2 pct versus a fall of around ...
Clothing retailer Primark returned to underlying sales growth for the first time in 18 months, with low prices and warm weather driving a strong performance in Britain in its latest quarter, owner Associated British Foods said on Thursday. Primark's performance confounds fears that a squeeze in British consumers' spending power could dent demand. AB Foods, which also has major sugar, grocery, agriculture and ingredients businesses, said Primark's better than expected third quarter performance meant the group's outlook for the year to mid-September 2017 had "marginally improved".
Hedge funds have significantly stepped up bets against Britain's traditional high street retailers, as the sector struggles with online competition, worries about a stretched consumer and weakening sales and profits. The risks were on full display on Tuesday when shares in Debenhams slid more than 3 percent to an eight-year low following a weak trading update and a warning on UK sales.