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32-471: Thomson acquired magazine publisher Faulkner & Gray in 1992. Thomson Financial expanded significantly when it acquired Primark , another financial information provider, on June 6, 2000, for $ 842 million in an all-cash deal. Primark owned many brands in both the U.S. and UK/Europe such as Datastream, Baseline Financial, Intellivate Capital Ventures (ICV), and IBES . The acquisition consolidated and combined competing financial information provision, for example

64-639: A chain of around 40 shops in Spain , Primark opened a second outlet in Madrid in October 2015, its second-biggest in the world. The largest Primark shop opened in Birmingham on 11 April 2019, occupying the former Pavilions Shopping Centre of 161,000 sq ft (15,000 m ), with five floors including a beauty salon, Disney -themed café and a barbershop, and adding the largest Greggs fast-food outlet in

96-423: A client base of 50,000 institutional money managers. More than 900 firms contribute data to I/B/E/S, from the largest global houses to regional and local brokers, with US data back to 1976 and international data back to 1987. It is unclear why slashes are used in the acronym, vs. periods or nothing at all, but this is its common usage. Users of the data have hypothesized it to be to "demonstrate their uniqueness as

128-642: A confident glimpse into future results. There are two versions of the I/B/E/S earnings estimate history, Summary and Detail: Both data sets are available for US and International stocks. The databases cover 56 countries and 70 markets. Primark Primark Stores Limited ( / ˈ p r aɪ m ɑːr k / ; trading as Penneys in Ireland ) is an Irish multinational fashion retailer with headquarters in Dublin , Ireland, with outlets across Europe and in

160-407: A database", a la using "@" instead of "at" . The I/B/E/S current forecast database is offered on a summary (consensus) level or detailed (analyst-by-analyst) basis. With over 33 data items that are updated as often as five times a day, it is designed to help portfolio managers and analysts identify, manipulate, and analyze exceptional information for over 40,000 equities worldwide. I/B/E/S History

192-418: A few wears and then come back for another batch of new outfits." In 2020, Primark launched their Wellness collection which includes 80 eco-conscious products. All of the products are made of organic, sustainable or recycled materials. This is part of the retailer's commitment to be more responsible for its footprint. In early 2024, RTÉ broadcast a six-part documentary, entitled Inside Penneys , exploring

224-466: A major scheme in which five shops would open and 15 (including its shop on Oxford Street ) would be renovated. Primark also opened a distribution centre in Jacksonville, Florida . In 21 May 2024, Primark unveiled a new brand identity, revealing a more curved and bold logo based on its 2005 logo, along with changing the colour slightly. On 28 May 2024, Primark opened its first Hungarian shop in

256-607: A store in Swansea, Wales. Primark argued the supply chain showed these label messages were a hoax. Also in June 2014, a customer from Ireland allegedly found an SOS note wrapped in a prison ID card in the pocket of trousers purchased from a Primark store several years earlier. The letter was written in Chinese and said to report that prisoners were forced to work "like oxen" making fashion clothes for export for 15 hours per day and that

288-426: A wide variety of financial products. Thomson ONE is a core product, although legacy branded offerings such as Datastream Advance and Global Topic will probably remain for a few years. Thomson ONE was a competitor of Bloomberg L.P. , Capital IQ and FactSet Research Systems . There were different packages of Thomson ONE, i.e., Thomson ONE for Investment Management, Thomson ONE for Investment Banking, etc. Due to

320-626: Is a service founded by the New York brokerage firm Lynch, Jones & Ryan and Technimetrics, Inc. I/B/E/S began collecting earnings estimates for U.S. companies around 1976 and used the raw data to calculate statistical time series for each company. The data subsequently was used as the basis for articles in academic finance journals attempting to demonstrate that changes in consensus earnings estimates could identify opportunities to capture excess returns in subsequent periods. After starting with annual earnings estimates and estimates of "Long Term Growth,"

352-419: Is the only statistically significant historical estimate database in the business . Starting in 1976 for US forecasts and 1987 for International forecasts, I/B/E/S History contains records on over 45,000 companies across 70 markets and presents a unique opportunity for back testing investment theories in a variety of global market conditions. Such research against historical trends and market conditions can provide

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384-589: The Penneys brand in the Republic of Ireland. Since that date, the business has been known as Penneys in the Republic of Ireland and as Primark elsewhere. In 2005, Primark bought UK retailer Littlewoods 's retail stores for £409 million, retaining 40 of the 119 shops and selling the rest. In May 2006, the first Primark shop in mainland Europe opened in Madrid , Spain. In December 2008, Primark opened in

416-958: The Arena Mall in Budapest . On 20 June 2024, it was announced that the business intended to invest more than €40 million on its Portuguese business, including opening four further shops in Portugal, as part of its plan to have 530 shops internationally by 2026. The key trends for Primark are (as of the financial year ending 17 September): Primark offers a diverse range of products, including: baby, children's, women's and men's clothing, accessories and footwear; beauty products; housewares and confectionery. The chain sells clothing at prices below those typically charged by other retailers. From 2014, Primark began selling makeup products. Primark started selling vegan snacks from January 2018. Laura O' Sullivan, co-founder of Primark, expressed her support of

448-652: The FirstCall and IBES earnings estimate data, under the same company. Thomson Financial sold its Thomson Media division in 2004. On 17 April 2008 the Thomson Corporation merged with Reuters and created the new company Thomson Reuters . Thomson Financial and Reuters combined their businesses into the Markets Division: Sales & Trading, Enterprise, Investment & Advisory, and Media. The other Thomson operations were combined into

480-774: The Indian supplier, the ESC concluded that footage in the programme was 'more likely than not' to have been fabricated. The ESC directed the BBC to make an on-air apology and to ensure that the programme was not repeated or sold to other broadcasters. Primark created a specific website to deal with the issues around the programme. In 2011 and 2012, Primark achieved 'Leader' status in the Ethical Trading Initiative. In June 2013, two labels both stitched with alleged SOS messages were separately found in garments purchased from

512-527: The Netherlands, followed by Portugal, Germany and Belgium in 2009, Austria in 2012, France in 2013, and Italy in 2014. Primark opened its current headquarters in 2015 in a redeveloped Dublin building, Arthur Ryan House, formerly Chapel House. In 2015, Primark opened its first United States shop in Boston , later expanding into New York City , Philadelphia , Danbury and Chicago . Having built

544-1422: The Professional Division: Legal, Healthcare & Science, and Tax & Accounting. Thomson Reuters Financial & Risk eventually became Refinitiv . Thomson Financial had many offices across the US, Europe, and Asia Pacific regions. The head office was based in Boston (1987-2008) and New York (joint with Boston), with significant presence in San Francisco, London, Frankfurt, Bangalore, Manila, and many satellite offices in locations such as Sydney, Hong Kong, Tokyo, Zurich, Geneva, just as some examples. The two major data centers, not including smaller points of presence, for Thomson Financial were located in NYC and New Jersey. In June 2007, Thomson Financial agreed to buy seven Asia-Pacific news bureaus from Xinhua Finance . The bureaus purchased were in Tokyo , Manila , Jakarta , Kuala Lumpur , Singapore , Sydney and Seoul . Xinhua Finance stated they would retain their operations in Beijing , Shanghai , Hong Kong and Taipei . Financial terms were not disclosed. The company had

576-524: The UK charity War on Want launched a new report, Fashion Victims II, that showed conditions had not improved in Bangladeshi factories supplying Primark, two years after the charity first visited them. On 9 January 2009, a supplier was forced by ETI to remove its branding from Primark stores and websites following a BBC / The Observer investigation into the employment practices. The investigation alleged

608-585: The United States. The original Penneys brand is not used outside of Ireland because it is owned elsewhere by American retailer JCPenney . The company's first shop, named Penneys and still in operation today, was established by Arthur Ryan in June 1969 on behalf of the Weston family (who in 1935 founded Allied Bakeries Limited, later renamed Associated British Foods ) at 47 Mary Street in Dublin . The first major shops outside of Dublin were opened in

640-610: The acquisition of Primark and buyout of ILX Systems, Thomson Financial had seen growth over the previous four years and had seen improvement in the core product Thomson ONE. Thomson Financial electronic transaction processing systems included Thomson AutEx trade order indications and executions, Thomson PORTIA automated portfolio management system, Thomson TradeWeb on-line trading network for fixed-income securities, and Thomson BETA Systems for securities data and brokerage processing systems. Institutional Brokers%27 Estimate System The Institutional Brokers' Estimate System (I/B/E/S)

672-593: The cities of Cork and Belfast in 1971, both under the name of Penneys . The company subsequently expanded outside of Ireland and into Great Britain , opening a shop in Derby in 1973. By 1974, the business had 24 shops, including three in Scotland and two in England, all operating under the Penneys brand. The American company, JC Penney, opposed the use of Penneys as a business name. JC Penney registered

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704-417: The competitors with online shops had smaller or no financial losses. The click-and-collect service was launched as a trial in 25 stores in north-west England, Yorkshire and north Wales for children's products only. However, on the day of launch of the new service, the company's website crashed, causing the issues for people trying to access it. In 8 February 2024, as part of expansion plans, Primark announced

736-506: The database later was expanded to include quarterly earnings estimates. This allowed for the analysis of "Quarterly Earnings Surprises." Other innovations made possible by the I/B/E/S data included estimates for various equity indexes on a "top down" basis (made by strategists and economists) and estimates made on a "bottom up" basis (by individual analysts) for those same indexes. In the mid-1980s I/B/E/S began to expand its dataset to include companies trading in international markets. Lynch, Jones

768-780: The first shop in Poland in the Galeria Młociny shopping center in Warsaw , later expanding into Poznań , Kraków , Katowice , Wrocław and Łódź . In June 2021, Primark opened the first shop in the Czech Republic in Prague , occupying the area of 50,590 sq ft (4,700 m ) and serving as a flagship for the region of Central and Eastern Europe. In 2021, Primark unveiled a sustainability strategy that sets targets to reduce textile waste, halving CO 2 emissions and improving

800-646: The life of Primark workers. On 15 December 2022, Primark opened its first shop in Romania , in Bucharest . On 20 June 2023, Primark opened its second store in Bucharest. In November 2022, Primark announced it was going online with a new click-and-collect service. This announcement came after the company lost more than £1 billion in sales during the Covid-19 pandemic, when its shops had to be closed, while

832-476: The new snacks. Along with retailers such as Zara and H&M , Primark contributes to the contemporary fast fashion trend. According to an article about Primark in The Economist , "For many shoppers, Primark has an irresistible offer: trendy clothes at astonishingly low prices. The result is a new and even faster kind of fast fashion, which encourages consumers to buy heaps of items, discard them after

864-544: The two companies settled their dispute. Penneys/Primark agreed that from 27 August 1976 onward, it would only use the Penneys brand in the Republic of Ireland , with its shops elsewhere, including in Northern Ireland , to be rebranded as Primark . In exchange, JC Penney agreed to relinquish its registration of the various business names of Primark's parent companies throughout Europe, and agreed not to trade under

896-579: The use of illegal immigrant labour and argued that the workers were paid less than the UK legal minimum wage. On 16 June 2011, the BBC Trust's Editorial Standards Committee (ESC) published its findings into a Panorama programme "Primark: On the Rack", broadcast in June 2008. The programme was an undercover investigative documentary examining poor working conditions in Indian factories supplying Primark. Although Primark subsequently stopped doing business with

928-657: The various business names of Penneys's parent company in countries throughout Europe in order to put pressure on it to relinquish its registration of the Penneys brand, and issued proceedings disputing the use of the brand. Following an injunction granted by the High Court of England in June 1974, the two shops in England were rebranded as Primark . However, the Penneys brand continued to be used in Ireland and Scotland, and in 1975–1976, four more Penneys -branded shops were opened in Scotland and Northern Ireland. Eventually,

960-576: The workings of the business. In 2006, Primark joined the Ethical Trading Initiative (ETI), a collaborative organisation bringing together businesses, trades unions and NGOs to work on labour rights issues in their supply chains. ETI members commit to working towards the implementation of a code of conduct based on the International Labour Organization 's core conventions. In December 2008,

992-582: The world in February 2022. On 13 June 2019, Primark expanded to Slovenia with a shop in Ljubljana . On 23 March 2020, Primark temporarily closed its 189 UK shops, as a result of government restrictions during the COVID-19 outbreak. Its 153 shops in England re-opened on 15 June 2020. As a result of the lockdown, the company reported a sales loss of £430 million. On 10 August 2020, Primark opened

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1024-500: Was sold to Citigroup in 1986. Barra bought I/B/E/S in 1993, selling it to Primark Corp (not be confused with Primark Stores Ltd ) two years later. Thomson Financial purchased Primark in 2000. Successor company Thomson Reuters spun off its financial division under the name Refinitiv in 2018, which itself became a subsidiary of LSEG in Jan 2021. The I/B/E/S database currently covers over 40,000 companies in 70 markets. It provides to

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