Tuesday preview: AB Foods to report 'slight' fall in first half EPS
18th Apr 2016 12:45
(ShareCast News) - Associated British Foods is expected to report a drop in first half earnings per share on Tuesday as low sugar prices offset higher retail sales. The owner of Primark said in its pre-close trading update in February that it anticipated "some progress" in adjusted operating profit
Read moreAssociated British Foods to buy rest of Illovo Sugar
8th Apr 2016 07:43
(ShareCast News) - Associated British Foods announced on Friday morning that it had reached agreement with the board of Illovo Sugar to acquire the 48.65% interest in Illovo that it did not already own. The FTSE 100 firm acquired a majority shareholding in Illovo in 2006, and flagged the acquisition
Read moreSector movers: Next knocked off its perch again by slowdown in UK, global growth
24th Mar 2016 15:32
(ShareCast News) - Retailers registered the largest losses on the Footsie after Next cautioned that 2016 might be its toughest year since 2008 and downgraded its revenue guidance. Shares in the Leicester-based outfit plummeted 15.09% to close at 5,655p - falling by 17.0% at one point in the day, the
Read moreAB Foods still in talks over Illovo acquisition
18th Mar 2016 08:29
(ShareCast News) - Associated British Foods said on Friday that it was still in talks over the potential acquisition of the remaining shares of Durban-based Illovo Sugar Ltd it does not already own. The Primark owner currently has a 51.35% stake in the company, which is South Africa's biggest sugar
Read moreTuesday broker round-up
23rd Feb 2016 13:51
(ShareCast News) - HSBC: JP Morgan reiterates underweight with a target price of 410p and UBS stays at buy, 490p target. Just Eat: Investec reiterates buy with a target price of 435p. Glencore: Exane BNP Paribas keeps at outperform with a target of 145p. Ashmore Group: UBS starts coverage at neutr
Read moreTuesday broker round-up
23rd Feb 2016 13:51
(ShareCast News) - HSBC: JP Morgan reiterates underweight with a target price of 410p and UBS stays at buy, 490p target. Just Eat: Investec reiterates buy with a target price of 435p. Glencore: Exane BNP Paribas keeps at outperform with a target of 145p. Ashmore Group: UBS starts coverage at neutr
Read moreTuesday newspaper share tips: Concerns about Primark's growth
23rd Feb 2016 10:58
(ShareCast News) - The Telegraph's Questor said on Tuesday it is concerned about Primark's growth after its latest trading update. The board of Associated British Foods, Primark's parent company, said on Monday it expected some progress in adjusted operating profit for the group in the current perio
Read moreBroker tips: ABF, HSBC, UK equities
22nd Feb 2016 15:09
(ShareCast News) - Credit Suisse boosted its target price on shares of Primark-owner Associated British Foods following what it termed a "reassuring update" from the company, while its recommendation was kept at 'outperform'. Analysts Charlie Mills, Alan Erskine, Molly Eggleton and Faham Baig highli
Read moreCredit Suisse ups target on Associated British Foods
22nd Feb 2016 12:43
(ShareCast News) - Credit Suisse boosted its target price on shares of Primark-owner Associated British Foods following what it termed a "reassuring update" from the company, while its recommendation was kept at 'outperform'. Analysts Charlie Mills, Alan Erskine, Molly Eggleton and Faham Baig highli
Read moreWeaker sterling helps lift numbers at Associated British Foods
22nd Feb 2016 07:17
(ShareCast News) - Associated British Foods was banking on a decline in the pound on Monday, as it prepared the market for a dip in earnings in the current first half. The company's board said it expected some progress in adjusted operating profit for the group in the current period, though adjusted
Read moreBroker tips: Home Retail, AB Foods, Tate & Lyle
15th Jan 2016 12:48
(ShareCast News) - Home Retail has made it "difficult to mount a convincing defence against any bid from Sainsbury" after reporting disappointing sales over the Christmas period, Numis said on Friday. Sales at its Argos brand for the 18 weeks to 2 January dropped 2.2% compared to consensus for a 0.3
Read more'Sell' AB Foods after first quarter trading update, Canaccord recommends
15th Jan 2016 12:30
(ShareCast News) - Canaccord Genuity reiterated a 'sell' rating on Associated British Foods on Friday, citing flat first quarter Primark sales. AB Foods on Thursday said in a trading update on Thursday that its sales rose 7% in the 16 weeks to 2 January at constant currencies but fell 3% at actual e
Read moreFriday newspaper share tips: AB Foods a long-term plan
15th Jan 2016 10:20
(ShareCast News) - Future growth in Primark as well as good prospects for sugar saw The Times' Tempus rate Associated British Foods shares at 'buy long term' on Friday. In a trading update for the 16 weeks to 2 January, the company said group revenue fell 2% from the same period last year, but was u
Read moreLondon open: MPC may surprise with dovish tone, analysts say
14th Jan 2016 08:41
(ShareCast News) - London's top flight index dropped sharply early on Thursday morning, following a bruising session on Wall Street and with investors and traders focused on the Monetary Policy Committee announcement at noon. As of 08:38GMT the Footsie was down by 89.76 points to 5,871.21. To take
Read moreAB Foods group revenue hit by currency headwinds
14th Jan 2016 07:11
(ShareCast News) - Group revenue at Associated British Foods slipped at the end of last year, although sales at Primark were a little stronger. In a trading update for the 16 weeks to 2 January, the company said group revenue fell 2% from the same period last year, but was up 3% at constant currency
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