AB Foods cuts guidance for sugar unit as H1 profits drop
29th Apr 2025 07:24
(Sharecast News) - First-half profits at Associated British Foods fell by a tenth with sales slightly behind last year, as growth in retail and food ingredients was offset by a "frustrating" performance in the sugar division.
Read morePrimark CEO quits after complaint over behaviour
31st Mar 2025 07:05
(Sharecast News) - Paul Marchant has resigned as Primark chief executive with immediate effect after a woman made a complaint about his behaviour "in a social environment", parent company Associated British Foods said on Monday.
Read moreLondon close: Stocks lower on Trump's latest tariff surprise
27th Mar 2025 15:20
(Sharecast News) - London stocks ended lower on Thursday as investor sentiment weakened following a surprise announcement by Donald Trump of a new 25% tariff on all imported cars and car parts.
Read moreLondon close: Stocks bounce after Wall Street tech sell-off
28th Jan 2025 16:30
(Sharecast News) - London stocks ended Tuesday on a positive note, as investors largely ignored Monday's tech selloff that weighed on Wall Street.
Read morePrimark cuts sales forecast on weak UK performance
23rd Jan 2025 07:01
(Sharecast News) - Clothing retailer Primark cut its sale growth target to low-single digits in fiscal 2025 after warmer autumn weather and cautious consumers dented UK revenues in the 16 weeks to January 4.
Read moreLondon close: Stocks higher after softer UK employment data
21st Jan 2025 16:41
(Sharecast News) - London stocks closed higher on Tuesday, as investors assessed the latest UK employment data, and watched for developments across the pond on the first full day of Donald Trump's second presidential term.
Read moreLondon close: Stocks higher as UK growth misses forecasts
16th Jan 2025 15:58
(Sharecast News) - London equities ended Thursday in positive territory, with investors buoyed by weaker-than-expected UK growth data that bolstered expectations of a potential interest rate cut by the Bank of England next month.
Read moreCiti downgrades Primark owner AB Foods to 'sell' from 'neutral'
16th Jan 2025 11:35
(Sharecast News) - Citi downgraded Primark owner Associated British Foods to 'sell' from 'neutral' and cut the price target to 1,770p from 2,400p.
Read moreDeutsche Bank upgrades Burberry, AB Foods, Kering
2nd Dec 2024 12:12
(Sharecast News) - Deutsche Bank upgraded Burberry, Associated British Foods and Gucci owner Kering on Monday as it took a look at consumer discretionary and luxury goods.
Read moreDirector dealings: ABF non-executive director snaps up shares
7th Nov 2024 15:20
(Sharecast News) - Associated British Foods revealed on Thursday that non-executive director Loraine Woodhouse had acquired 41,720 ordinary shares in the London-listed food processing and retail company.
Read moreLondon close: Stocks turn negative as Americans head to the polls
5th Nov 2024 16:41
(Sharecast News) - London stocks closed lower on Tuesday, with caution dominating markets as US voters headed to the presidential polls.
Read moreAB Foods FY profits jump, special dividend declared
5th Nov 2024 07:53
(Sharecast News) - Primark owner Associated British Foods posted a 33% jump in full-year adjusted pre-tax profit on Tuesday, with revenue growth in both the retail and food businesses, as it announced a special dividend.
Read moreLondon close: Stocks finish higher after slew of PMI data
23rd Sep 2024 15:05
(Sharecast News) - London's stock markets ended Monday on a positive note, as investors pored over a number of economic activity reports from both the UK and international markets.
Read moreLondon close: Stocks slip as US CPI slows, UK GDP stagnates
11th Sep 2024 16:51
(Sharecast News) - London's stock markets closed weaker on Wednesday, reflecting caution among investors following weaker-than-expected inflation data from the US and economic stagnation in the UK.
Read moreAB Foods extends share buyback by £100m
11th Sep 2024 08:12
(Sharecast News) - Primark owner Associated British Foods announced an extension of its share repurchase programme on Wednesday, with an additional £100m allocated for the buyback.
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