ASBFY Associated British Foods Plc (PK)

--Associated British Foods PLC's clothing business Primark has turned down a bonus the government is offering for returning furloughed staff to work amid the coronavirus crisis, the Financial Times reports.

--The retailer said in a statement that the bonus "should not be necessary," according to the FT.

--The scheme offers 1,000 pounds ($1,262) for each furloughed worker brought back to work, and Primark would have been eligible to receive about GBP30 million, the FT reports.

Full story: https://on.ft.com/3gWB20y

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(END) Dow Jones Newswires

July 13, 2020 06:31 ET (10:31 GMT)

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