AB Foods sees 'significant progress' but warns on rising costs; Pays special divi
9th Nov 2021 07:04
(Sharecast News) - Primark owner Associated British foods said it expected "significant progress" in the current year as it reported a rise in annual profits but warned that food prices may have to rise due to increasing costs.
Read moreTuesday preview: US Producer prices, ABF in focus
8th Nov 2021 20:09
(Sharecast News) - Tuesday's main data point will be published in the US, where the Department of Labor is scheduled to release wholesale price figures covering the month of October.
Read moreUK retailers want human rights law to protect supply chain workers
22nd Oct 2021 10:23
(Sharecast News) - More than 35 retailers, manufacturers and investors including Tesco, John Lewis, Primark, Asos and Unilever have called on the UK government to introduce a legal requirement for companies to carry out human rights and environmental checks on their global supply chains.
Read moreAB Foods raises outlook despite weaker Primark sales
13th Sep 2021 07:36
(Sharecast News) - Associated British Food raised its full-year profit outlook as weaker-than-expected fourth-quarter sales at Primark were offset by strong profit margins in the fashion business and a solid performance from its food and sugar divisions.
Read moreAB Foods raises outlook despite weaker Primark sales
13th Sep 2021 07:36
(Sharecast News) - Associated British Food raised its full-year profit outlook as weaker-than-expected fourth-quarter sales at Primark were offset by strong profit margins in the fashion business and a solid performance from its food and sugar divisions.
Read moreCredit Suisse upgrades Boohoo, says governments might ban Shein app
9th Sep 2021 15:30
(Sharecast News) - Analysts at Credit Suisse upgraded their recommendation for shares of Boohoo to 'outperform', telling clients that Western governments looked set to step in and "level up the playing field" against Chinese fashion retail app Shein.
Read moreWednesday broker round-up
25th Aug 2021 15:21
(Sharecast News) - Asos: Deutsche Bank initiates at buy with 5,400.0p target price.
Read moreOlam seeks London IPO for food ingredients unit
13th Aug 2021 08:20
(Sharecast News) - Olam International is looking to float its food ingredients unit in London in 2022.
Read morePrimark sales boost ABF's full-year outlook
1st Jul 2021 07:02
(Sharecast News) - Associated British Foods said it expected annual profit to be in line with the year before after sales at Primark outstripped forecasts in the third quarter.
Read moreShoreCap stays at 'buy' on ABF, hails strong showing for Primark
20th Apr 2021 15:32
(Sharecast News) - Analysts at Shore Capital reiterated their 'buy' stance for shares of Associated British Foods, highlighting the strong showing for Primark stores since the UK economy began to reopen.
Read moreABF announces record Primark sales, to return furlough money
20th Apr 2021 07:43
(Sharecast News) - Associated British Foods said that its bottom line more than halved over the first six months of the financial year, even as it announced record sales at Primark stores since they reopened.
Read moreLondon pre-open: Stocks set to dip after weak UK employment data
20th Apr 2021 06:59
(Sharecast News) - Stocks are set to dip following the release of an unexpectedly weak reading on UK employment for the three months to February.
Read moreTuesday preview: UK employment report, ABF in the spotlight
19th Apr 2021 10:47
(Sharecast News) - The market spotlight on Tuesday will be squarely on the UK and whether the February employment report yields any signs of an improving labour market.
Read moreUK retail sales rise but most categories decline - BRC
12th Apr 2021 12:08
(Sharecast News) - Retail sales rose in March as the UK marked a year from the start of the first Covid-19 lockdown but most categories remained in decline, industry figures showed.
Read moreUK retail footfall triples as restrictions ease
12th Apr 2021 11:18
(Sharecast News) - Visits to UK shops more than tripled in early trading on Monday as restrictions on non-essential retailers were relaxed for the first time since early January.
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