Associated British Foods is the Weston family's UK arm. The Westons still own over 50% and through their careful husbandry it now owns a raft of the UK's best-known brand names including Twinings tea, Ovaltine, Primark and British Sugar.
Associated British Foods Plc Ord 5 15/22P is listed on the London Stock Exchange trading with ticker code ABF.L, and is part of the Food Products sector. It has a market capitalisation of £1,848,559m, with approximately 792m shares in issue. Over the last year, Associated British Foods share price has been traded in a range of 835, hitting a high of 2,846.00, and a low of 2,011.00.
Associated British Foods, officially known as Associated British Foods Plc Ord 5 15/22P was formed in October of 1934, making the company eighty five years old. The company filed its latest accounts on 30th September 2014, showing a turnover of approximately 12.94 billion GBX with gross profits of 3.15 billion, or 3.9789 per issued share, and a pre-tax profit margin of 7.88%. Associated British Foods currently has 10 directors, and has had 16 previous directors over the last 85 years. In the last set of accounts produced by Kpmg Llp, the company showed 2.01 billion paid in salaries to the 118,209 staff (average wage of 17 thousand), with the directors receiving an average 1.27 million each. In the accounts filed in 2014, the company paid 256000000 in dividends, or 0.3234 per share. These accounts also showed Associated British Foods to have a net worth of 4.97 billion, with 519.00 million held in cash.
Associated British Foods is in the Food Products sector.
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|Shares in Issue||792m|
|52 Week High||2,846.00|
|52 Week Low||2,011.00|
Amid a general slump in retail sales in Britain between December and early January, Primark, the British low-priced high-street retail chain, managed to record a 7% sales growth during the festive season. Shoppers seemed to have snubbed other higher-priced retailer rivals, opting for the discount fashion brand as brexit-induced price squeezes bit deep into their pockets. Primark owner Associated British Foods Plc is benefiting greatly from Primark’s success, and is poised to further expand the fashion brand’s network of 350 stores, after the opening of five new stores last year. (Read more)