The owner of Primark has shrugged of a fall in sales at the discount retailer and the prospect of a sterling-inspired hit to margins to say that it expects to benefit from Britain’s decision to quit the European Union. In a week that Theresa May flew to India to discuss trade deals, the chief executive of Associated British Foods, said that he, too, was looking for a post-Brexit boost to commerce with the sub-continent. George Weston said that he was hoping for deals to remove tariffs from countries such as Sri Lanka and India, where it sources cotton and products it sells in Britain, Europe and most recently in the United States, and added that the company was in detailed and pragmatic” discussions with the…

Source: The Times November 08, 2016 12:04 UTC