Associated British Foods plc (ABF.L) announced that it has appointed Paul Marchant as Chief Executive of Primark/Penneys with effect from 13 September 2009. Arthur Ryan, currently Chairman and Chief Executive, will retain his role as Chairman. Paul Marchant joined Primark in January this year as Chief Operating Officer bringing with him a wealth of experience in retailing.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.