Results for: Associated British Foods

The FTSE 100 index experienced a slight setback after reaching an all-time high earlier in the day. Bank economist Huw Pill’s comments hinted that an imminent interest rate cut may not be as likely as some analysts had anticipated. Despite the retreat, the index remained positive for the day, driven by a weaker pound and optimism about easing Middle East tensions.

Associated British Foods, the owner of Primark, reported a 37% surge in half-year pre-tax profit to £881 million. The growth was driven by store expansions, price increases, and improved business conditions. While consumers face cost-of-living pressures, demand for retail and food businesses remained strong.