Director dealings: Made Tech CEO invests, AB Foods finance director pays tax bill
5th Jul 2023 14:00
(Sharecast News) - Made Tech Group was on the list of director buys on Wednesday, after its chief executive officer purchased almost 900,000 shares.
Read morePrimark Q3 sales up 13% on strong summer
26th Jun 2023 07:03
(Sharecast News) - Third-quarter sales at discount fashion chain Primark grew 13%, driven by strong summer sales and higher prices as customers seek value for money amid the cost of living crisis, leading parent company Associated British Foods to lift annual guidance.
Read moreRBC Capital Markets upgrades AB Foods to 'outperform'
16th May 2023 10:10
(Sharecast News) - RBC Capital Markets upgraded Primark owner Associated British Foods on Tuesday to 'outperform' from 'sector perform' and lifted the price target to 2,250p from 2,150p.
Read moreBroker tips: Smiths Group, AB Foods, Loungers
16th May 2023 08:20
(Sharecast News) - Bank of America Merrill Lynch upgraded Smiths Group on Tuesday to 'buy' from 'underperform' and lifted the price target to 2,000p from 1,150p, as it pointed to "hidden value waiting to be realised".
Read moreAB Foods sees flat FY as Primark interims fall on inflation pressures
25th Apr 2023 07:01
(Sharecast News) - Shares in Primark owner Associated British Foods fell sharply on Tuesday as the clothing retailer-to-foods group guided for flat annual profits and expressed caution over consumer spending amid the cost of living crisis.
Read moreJefferies upgrades Tesco, Kingfisher
6th Mar 2023 11:42
(Sharecast News) - Jefferies has upgraded Tesco and Kingfisher, as part of a wider review of its UK retailer ratings.
Read moreDeutsche Bank raises target price on AB Foods
28th Feb 2023 12:02
(Sharecast News) - Analysts at Deutsche Bank raised their target price on Associated British Foods from 2,180.0p to 2,300.0p on Tuesday, stating its Primark unit had driven "another upgrade".
Read moreAB Foods lifts guidance as consumer spending holds up
27th Feb 2023 07:14
(Sharecast News) - Primark owner Associated British Foods lifted full-year guidance consumer spending proved to be more resilient in the first half, with Britons buying early for the summer.
Read morePrimark sales rise 15% over Christmas
24th Jan 2023 07:03
(Sharecast News) - Primark owner Associated British Foods on Tuesday posted a 20% rise in sales during the Christmas period as consumers continued to hunt for bargains amid the cost-of-living crisis and return to city shopping centres.
Read moreDeutsche Bank upgrades Associated British Foods to 'buy', sees headwinds reversing
23rd Jan 2023 11:48
(Sharecast News) - Deutsche Bank upgraded its recommendation for shares of Associated British Foods from 'hold' to 'buy', judging that the headwinds from energy prices and foreign exchange rates were reversing.
Read moreAB Foods says input cost volatility has diminished
9th Dec 2022 07:04
(Sharecast News) - Associated British Foods maintained full-year guidance on Friday, saying it continued to expect further significant input cost inflation, but the volatility of input costs had diminished.
Read moreSunday newspaper round-up: Zero Covid, British Airways, Rolls Royce
27th Nov 2022 21:30
(Sharecast News) - Protests against the government's zero-Covid strategy are spreading from Shanghai to other Chinese cities such as Guangzhou, Wuhan and Xi'an. Videos of the protests on social media, including some showing clashes with police and people chanting anti-government slogans, were taken down. In Urumqi, most of the city had been under lockdown for over three months, although lockdowns were lifted in some neighbourhoods on Saturday. China reported 39,506 cases of Covid-9 on Sunday, a record level, but small when compared to the levels recorded at the height of the pandemic in the West. - The Sunday Times
Read morePrimark unveils £140m investment to create 850 jobs
25th Nov 2022 08:24
(Sharecast News) - UK discount clothing retailer Primark said it planned to invest £140m, including the opening of four new stores and the creation of at least 850 jobs as it looks to increase footfall during the cost of living crisis.
Read morePrimark boosts AB Foods as annual profits soar
8th Nov 2022 07:01
(Sharecast News) - Associated British Foods reported a jump in full-year sales and profits on Tuesday, despite surging input cost inflation, after a bumper performance at its budget fashion brand Primark.
Read moreTuesday preview: US mid-term elections, Associated British Foods in focus
7th Nov 2022 12:08
(Sharecast News) - All eyes on Tuesday were expected to be on the results of the US mid-term elections and whether or not they resulted in legislative gridlock on Capitol Hill.
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