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Market Report: UK jobs market in focus as employment under pressure and radar The Market Report with Katie Pilbeam. FTSE 100 headed lower as the US dollar continued its recent decline while new figures showed the UK jobs market is not rebounding. London’s blue-chip index dropped 30 to 6,970.   Britain’s jobless rate fell only slightly to 4.9% in the three months to February, though lockdown rules were in place for most of the period. The Office of National Statistics (ONS) said the jobs market was subdued but "broadly stable". Associated-British-Foods-PLC/]LON:ABF) said Primark notched ...

25 February 2021 | 07:40am StockMarketWire.com - Associated British Foods said it expected to reopen 83% of Primark stores by 26 April, and forecast better-than-expected first-half performance for its grocery, sugar, agriculture and ingredients businesses. '[W]e have likely reopening dates for 233 stores in addition to the 77 stores already open, so that 83% of our retail selling space should be trading by 26 April,' the company said. Primark's adjusted operating profit in the first half,, was expected to be marginally above break-even, compared with a profit of £441m for the same period in...

25 February 2021 | 08:38am StockMarketWire.com - The FTSE 100 climbed almost 20 points to 6,678.32 this morning, continuing its resurgence from yesterday on the back of stronger oil prices. The Government's roadmap out of lockdown, announced at the start of the week, has continued to provide a boost to the outlook for many businesses. Associated British Foods today said it expected to reopen 83% of Primark stores by 26 April, and forecast better-than-expected first-half performance for its grocery, sugar, agriculture and ingredients businesses. Its share price continued on its upward trajec...

Associated British Foods warns of £1.05 billion loss of sales at Primark on store closures

FTSE 100 back above 6,800 on several positive catalysts