Rescue loan for Primark

The owner of Primark is to tap up an emergency loan scheme for large companies, writes Laura Onita.

Associated British Foods (ABF) said it is now able to use a Bank of Englandbacked loan scheme aimed at supporting the country’s employers during the pandemic. The firm – which also makes Ryvita crackers and Twinings tea – did not say how much cash it will seek. Primark was forced to shut all stores in March at a cost of £650m a month in lost sales.