UBS downgrades AB Foods to 'neutral' following pre-close update
21st Sep 2022 12:55
(Sharecast News) - Analysts at UBS downgraded Primark owner Associated British Foods from 'buy' to 'neutral' on Wednesday, stating setbacks at the fast fashion retailer had forced it to move to the sidelines.
Read moreDeutsche Bank lowers target price on AB Foods
12th Sep 2022 12:42
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on Primark owner AB Foods from 1,850.0p to 1,575.0p on Monday, stating "reality" was now dawning.
Read moreBarclays downgrades AB Foods to 'equal weight'
9th Sep 2022 09:24
(Sharecast News) - Analysts at Barclays downgraded Associated British Foods to 'equal weight' on Friday, stating visibility was "just too low".
Read moreABF FY revenue and profits seen higher after Covid restrictions ease
8th Sep 2022 07:44
(Sharecast News) - Primark owner Associated British Foods warned on Thursday that adjusted operating profits and earnings per share would fall in its next trading year despite forecasting strong sales growth over the next twelve months.
Read moreM&S CFO Tonge leaving to take up new role at AB Foods
21st Jul 2022 08:28
(Sharecast News) - Marks & Spencer said on Thursday that chief financial officer Eoin Tonge will be leaving the retailer after just over two years to become finance director at Associated British Foods.
Read moreDirector dealings: AB Foods director raises stake
1st Jul 2022 14:26
(Sharecast News) - Associated British Foods revealed on Friday that non-executive director Emma Adamo had acquired 45,000 ordinary shares in the FTSE 100-listed food processing and retailing company.
Read moreJP Morgan downgrades fast fashion retailers
21st Jun 2022 13:19
(Sharecast News) - JP Morgan has downgraded Asos and a clutch of other European retailers on Tuesday, on the back of the mounting cost of living crisis.
Read moreAssociated British Foods quarterly revenue growth fuelled by price hikes
20th Jun 2022 07:02
(Sharecast News) - Food and retail company Associated British Foods said on Monday that recent trading had been in line with expectations, with revenues up across all of the group's key verticals due to both price hikes aimed at recovering input cost inflation and a marked volume increase in its ingredients division.
Read morePrimark warns of price rises as inflation bites, H1 profits soar
26th Apr 2022 07:31
(Sharecast News) - Agribusiness-to-clothing group Associated British Foods on Tuesday reported soaring first-half profits, but warned of increasing prices at its Primark clothing business due to inflation.
Read moreAB Foods sees first-half sales 'strongly ahead' as Primark surges
28th Feb 2022 07:03
(Sharecast News) - Primark owner AB Foods said it expected half-year sales and adjusted operating profit to be strongly ahead of last year and higher than interims in pre-Covid in 2020, driven by the clothing retail chain.
Read morePrimark to axe 400 manager roles
21st Jan 2022 11:26
(Sharecast News) - Fashion retailer Primark is to axe 400 UK roles as it looks to simplify its management structure.
Read moreFriday newspaper round-up: Baltic Dry Index, BT Group, Unilever
21st Jan 2022 06:43
(Sharecast News) - In times of market dislocation, it rises sharply to reflect the difficulties in transporting goods - and during the pandemic it has done little else but rise, peaking at more than 5,700. [...] That peak in the Baltic Dry Index was hit on October 7. Since then, the index has fallen sharply, halving within a month. Though it jumped in the run-up to Christmas, it has dropped back again since. Yesterday it fell further, its tenth consecutive daily decline, to 1,570. To put that in context, that puts the index back only to February 2021 levels but not completely out of kilter with the average over the past decade. - The Times
Read morePrimark sales up 36% despite Omicron hit over Christmas
20th Jan 2022 07:04
(Sharecast News) - Associated British Foods said fourth quarter sales at its Primark stores rose 36% despite a hit from the surge in Covid Omicron cases, but were now showing signs of recovery as it maintained full-year group guidance.
Read morePrimark trading ahead of expectations, says AB Foods
10th Dec 2021 07:04
(Sharecast News) - Associated British Foods said Primark trading for the year to date was ahead of expectations with improved like-for-like sales compared to the final quarter of last year, but warned of increasing Covid cases hitting stores in Europe.
Read moreWeston family agrees £4bn sale of Selfridges Group
2nd Dec 2021 07:39
(Sharecast News) - High-end department store chain Selfridges Group has sold for £4bn, it was reported on Thursday, to the privately-held Thailand conglomerate Central Group.
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