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FTSE 100 Live: Persimmon sales rate weakens, Primark shelves price rises


H

ousebuilder Persimmon and Primark owner Associated British Foods today revealed the impact of increased economic uncertainty.

Persimmon reported rising cancellation rates, with higher interest rates creating pressure on weekly sales rates and its forward sales.

The owner of Primark also revealed today it had decided not to implement further price increases on this year’s autumn/winter and spring/summer ranges beyond those already actioned and planned.

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