RETAIL: Europe's debt crisis failed to dampen Primark's results, with the business toasting a "particularly strong" summer of trading.
The retailer's UK business is expected to see revenues rise by 17 per cent over its current financial year, which ends on Saturday.
This includes buoyant trading in continental Europe, with Primark now boasting 28 outlets in Spain.
Associated British Foods, which owns Primark as well as household brands Kingsmill, Ryvita and Twinings, said profits for the second half of the financial period should be "substantially ahead" of last year.
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It said its grocery customers continued to seek value through promotions and price but warned that recently higher wheat prices meant margins at its Kingsmill bread division were likely to come under further pressure.
Primark has been the star performer within AB Foods over recent years as it has ridden the boom in demand for budget clothing on the high street.
IT: Genesis Business Systems is hosting an Emerging Technologies event at the KC Stadium next week.
The event on Thursday, September 20, will feature guest speakers from technology giants HP and Dell, while Microsoft will offer a sneak preview of its Windows 8 operating system.
The last session of the day will see KC's Lee Hampston share details of the KC Business Lightstream service. Entry is free with lunch provided. Visit www.genesisit.co.uk to register, or call 01482 210999.