Primark and Silver Spoon sweeten Associated British Foods' results

Nick Raynor, investment adviser at The Share Centre, explains how Associated British Foods improved growth makes it one investors should watch out for.

"As Primark continue to power ahead and Silver Spoon continued to boost sales, Associated British Food (ABF) expect this years results to be a big improvement on the last - despite the market being weighed down by the current economic situation

"The group expects like-for-like sales for the full year to increase 6% and investors seeking growth should be impressed by ABF's continued growth in the UK retail market, as well as a strong performance in continental Europe."

"We currently list ABF as a strong hold, but investors should watch this one carefully particularly with Christmas expected to boost Primark sales further."