Primark expects higher profits as people shop early for summer

Associated British Foods says six-month figures helped by stronger-than-expected clothing performance

The owner of the clothing retailer Primark said annual profits will be higher than previously expected after Britons started shopping early for the summer and as inflation eases.

Associated British Foods (ABF) said people were planning for their holidays despite the cost of living crisis, with strong sales of luggage and beachwear.