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Primark owner AB Foods expects 'significant growth' in profits for 2024 as inflation eases in recession-affected markets

Associated British Foods whose business ranges from grocery and agriculture to clothing expects "significant growth in both profitability and cash...

Jennifer Creery

Lidl and Aldi combined now account for 18% of the UK’s grocery market. Ocado still accounts for less than 2% of the market, despite its sales...

Tesco also announced plans to buy back £1 billion of shares over the next 12 months.

Next expects profit to expand to nearly $1.3 billion this year as rising wages free up British shoppers to spend more on fashion.