MARKET TALK: AB Foods 3Q Update Better Than Expected - Trader

8th Jul 2010 07:19

0619 GMT [Dow Jones] Associated British Foods' (ABF.LN) 3Q update is better than expected, says a trader. Notes total group sales are up 14%, versus his expectations for a rise of around 6%. Adds the strong performance in Spain is particularly encouraging. Another trader expects the shares to open up around 2% on the update, after closing Wednesday at 980p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 08, 2010 02:19 ET (06:19 GMT)