Europe close: Stocks rise as investors digest PMI data
23rd Apr 2024 15:19
(Sharecast News) - European markets closed above the waterline on Tuesday, propelled by positive survey data from the eurozone that bolstered investor sentiment.
Read moreAB Foods lifts FY outlook as interim profits jump
23rd Apr 2024 07:03
(Sharecast News) - Primark owner Associated British Foods posted a jump in interim profit and revenue on Tuesday as it lifted its full-year profit outlook.
Read moreLondon close: Stocks slip as focus shifts to US earnings
23rd Jan 2024 17:46
(Sharecast News) - London's stock markets experienced a downturn on Tuesday, despite the release of favourable UK borrowing figures as investors turned their focus to earnings from prominent US companies on Wall Street.
Read morePrimark Christmas sales up 2.1% despite warner weather
23rd Jan 2024 07:02
(Sharecast News) - Sales at clothing retailer Primark grew 2.1% on a like-for-like basis over the Christmas period despite warmer weather, parent company Associated British Foods said on Tuesday, adding that it did not expect supply disruptions from attacks on commercial shipping in the Red Sea.
Read moreTuesday preview: BoJ, ABF in the spotlight
22nd Jan 2024 15:10
(Sharecast News) - Tuesday's market spotlight will be on the Bank of Japan.
Read moreLondon close: Stocks rise as BoE keeps rates on hold
14th Dec 2023 16:40
(Sharecast News) - London stocks closed higher on Thursday after the Bank of England maintained interest rates at lunchtime, as anticipated.
Read moreLondon close: Retail stocks rise on mixed day for markets
8th Nov 2023 14:59
(Sharecast News) - London's stock markets experienced a mixed day of trading on Wednesday after a robust performance from the retail sector, led by gains from Marks and Spencer.
Read moreAB Foods ups shareholder returns as profits jump 25%
7th Nov 2023 07:11
(Sharecast News) - Food, ingredients and retail conglomerate Associated British Foods is returning another half a billion pounds to shareholders as it reported double-digit growth on both the top and bottom lines in the last financial year.
Read moreLondon close: Stocks slip into red on growing Middle East concerns
9th Oct 2023 15:40
(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.
Read moreJPMorgan places Next, AB Foods on 'negative catalyst watch'
9th Oct 2023 10:33
(Sharecast News) - JPMorgan Cazenove placed the shares of Next and Primark owner Associated British Foods on 'negative catalyst watch' on Monday as it took a look at the European general retail sector.
Read moreBarclays lifts target price for AB Foods
13th Sep 2023 07:51
(Sharecast News) - Barclays has raised its target price for the shares of Associated British Foods after the food, ingredients and retail group upped its profit guidance for the full year despite shrinking margins at its Primark division.
Read moreLondon close: Stocks maintain gains after latest jobs data
12th Sep 2023 15:48
(Sharecast News) - London's top-flight index ended Tuesday on a positive note, with AB Foods in focus on the back of an optimistic trading statement, as investors pored over the latest UK jobs data.
Read moreAB Foods lifts guidance again as Primark recovers
12th Sep 2023 07:03
(Sharecast News) - UK conglomerate Associated British Foods lifted annual guidance again boosted by recovery at its Primark retail chain and strong performance from food operations.
Read moreBroker tips: JD Sports, B&M, Diageo, Reckitt
21st Aug 2023 13:59
(Sharecast News) - RBC Capital Markets has reiterated its positive stance on AB Foods, JD Sports, WH Smith and B&M, saying that consumer buying behaviour in the US paints a promising picture for the London-listed value retailers.
Read moreDiscount retailers ABF and B&M to 'outperform', says RBC
21st Aug 2023 07:35
(Sharecast News) - RBC Capital Markets has reiterated its positive stance on AB Foods, JD Sports, WH Smith and B&M, saying that consumer buying behaviour in the US paints a promising picture for the London-listed value retailers.
Read more