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The Latest Breaking News from George Weston

Primark owner ponders spin-off and separate listing in possible boost to City

Chief executive George Weston said the outcome of the review could mean spinning off Primark as a separately-listed entity in the UK.

Evening Standard

Primark owner’s boss urges Reeves not to hit shoppers with budget tax rises

George Weston tells chancellor to ‘tax rich folks instead’ as ABF says it could split fashion chain from food arm

The Guardian - UK

Retailer says larger stores to come under pressure from rate changes

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The Independent UK

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Primark owner says larger stores to come under pressure from rates changes

George Weston said the Government ‘should not increase taxes on businesses any more’ in November.

Evening Standard

Primark owner delivers warning to Rachel Reeves over ‘mistaken’ rate changes

Chancellor Rachel Reeves faces the daunting task of boosting Treasury revenues to address a potential £40 billion deficit in state finances

The Independent UK

Primark boss issues stark warning to Reeves over Budget

George Weston urged the chancellor not to give consumer confidence another ‘great whack’ in November

The Independent UK

Primark owner’s boss warns Reeves not to give consumer sentiment ‘another great whack’ in budget

George Weston, CEO at ABF, also said food price inflation had peaked and would now start to ease

The Guardian - UK

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Rich List 2025: The UK’s wealthiest billionaires revealed

The billionaire Hinduja family has retained their position at the top spot for the fourth year running

The Independent UK

Rich List 2025: Who are the wealthiest people in the UK?

Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, were Britain’s richest in 2025.

Evening Standard

Consumer caution dampens Primark results as owner ABF reports profits hit

ABF group revenue was down 2% at $12.7 billion, and adjusted profit before tax was also down 10% from $1.2 billion the previous year to £818 million $1.09 billion.

Fortune

Primark says it is not raising prices despite tax and wage cost hikes

It came as parent firm Associated British Foods said it saw ‘weaker sales’ across the budget fashion chain’s UK and Ireland stores.

The Independent UK

Primark boss steps down over inappropriate behaviour allegation

Paul Marchant “acknowledged his error of judgement”, said Primark owner Associated British Foods on Monday.

Euronews

Hard-pressed shoppers will benefit as retailers carry ‘weight’ of UK tax rises, says Primark owner

ABF boss George Weston says budget is positive for ‘the least affluent’ but will cost firm ‘tens of millions’ of pounds

The Guardian - UK

Primark boss says weight of Budget tax rises ‘falling on high street’

George Weston, the chief executive of Primark owner Associated British Foods, said it was preparing for a big jump in business costs.

Evening Standard

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The Independent UK

Rich List 2024: Who are the wealthiest people in the UK?

Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, have been named as Britain’s richest.

The Guardian - UK

Kingsmill owner warns of price rises due to ‘very small’ expected harvests in UK

ABF, which also owns Dorset Cereals, says it is not yet planning rises but it may need to import ‘quite a lot’ of grain

Evening Standard

Primark booms as Rita Ora deal pays off

Inflation has all but gone, says Primark boss

The Guardian - UK

UK food inflation may be gone by Easter, claims boss of major retailer

Upbeat comments by Associated British Foods CEO come as grocery price rises fall to single digits for first time in 18 months

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Evening Standard

Lipstick and velvet leggings sales boost Primark as London shoppers return to the office

Huge divi of £459 million shared by founding family, charities and shareholders

Evening Standard

Primark is back -- but Oxford Street needs help says boss

Company raises profit forecasts again

The Guardian - UK

Primark sales climb as prices rise and city centre stores boom

Retailer will extend online click & collect service to London and expand into Texas after strong results

Evening Standard

Primark’s parent says price rises ‘nearly through’ as cost-of-living crisis hits profit

Budget fashion chain adds to hopes inflation has peaked as it looks ahead to future price cuts

Wales Online

Primark boss issues update on whether chain will launch online deliveries

The retailer has been trialling a click and collect service

The Guardian - UK

End of the good times for Persimmon as cracks appear in housing market

Ever-rising prices meant the homebuilder channelled large sums to shareholders and executives in recent years

Daily Record

Primark issues major announcement on price rises over the next year

The fast-fashion chain has confirmed that customers will not see any further price rises across stores

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