MARKET TALK: AB Foods Posts Another Good Strong Update - Shore

8th Jul 2010 07:32

0632 GMT [Dow Jones] AB Foods (ABF.LN) posts "another good strong update, following the trend of the last nine months," says Shore Capital's Darren Shirley. He's encouraged by Primark, where same-store sales are likely in high single digits, and notes that margins in the division have grown. Adds both sugar and grocery had robust performances, with more margin progress to come in grocery division. Reiterates buy stance. Shares closed Wednesday at 980p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 08, 2010 02:32 ET (06:32 GMT)