Even the country's cut-price clothing stores are feeling the pinch, as the Associated British Foods' share price weakness shows. The post The Associated British Foods (ABF) share price dips after guidance cut.

Associated British Foods Plc cut guidance for sales growth at its Primark discount fashion retailer, blaming weak UK consumer sentiment.

Morgan Stanley and Citi both lowered their ratings on ABF this week due to concerns over Primark's sales outlook

The conglomerate lowered its sales-growth expectations for Primark —its clothing retailer that accounts for the lion’s share of earnings—amid a challenging retail environment.

Associated British Foods expects analysts' consensus profit expectations for its 2024/25 year to fall about 2% after the group cut the sales outlook for its Primark clothing business, its finance chief said on Thursday.