AB Foods misses out on £1.1bn of Primark sales in H1 due to lockdown
25th Feb 2021 09:00
(Sharecast News) - Primark owner Associated British Foods warned on Thursday that Downing Street's nationwide lockdown measures would leave it without roughly £1.1bn-worth of sales in the first half of its financial year.
Read moreShoreCap stays at 'buy' on ABF, sees 'considerable merit' in shares
4th Jan 2021 16:46
(Sharecast News) - Analysts at Shore Capital reiterated their 'buy' recommendation for shares of Associated British Foods, even after the firm warned of the impact that tighter-than-expected restrictions would have on its topline.
Read moreABF now sees bigger hit to sales from Covid-19 restrrictions
4th Jan 2021 16:10
(Sharecast News) - The tightening of lockdown restrictions to combat Covid-19 will take a higher-than -expected toll on Associated British Food's top line.
Read morePrimark owner ABF says autumn lockdowns cost £430m
4th Dec 2020 07:23
(Sharecast News) - Associated British Foods increased its estimate for lost sales during recent Covid-19 lockdowns to £430m as it reported strong demand at Primark stores that had reopened.
Read moreMonday broker round-up
16th Nov 2020 14:07
(Sharecast News) - Informa: Berenberg downgrades hold with a target price of 610p.
Read moreDirector dealings: ABF chairman ups stake
4th Nov 2020 15:51
(Sharecast News) - Associated British Foods revealed on Wednesday that chairman Michael McLintock had purchased 9,000 ordinary shares in the FTSE 100-listed food processor and retailer.
Read moreAB Foods profits slump 40% as Covid-19 hits Primark
3rd Nov 2020 07:00
(Sharecast News) - Full-year profits at Associated British Foods fell by 40% as store closures at its Primark clothing chain due to the coronavirus pandemic offset better performances at its sugar and food ingredients units.
Read moreTuesday preview: US elections, Associated British Foods in focus
2nd Nov 2020 15:02
(Sharecast News) - All eyes on Tuesday will be on the US elections, even if the results won't start to be known - under a best case scenario - until the next day.
Read morePrimark sales to plunge by $375m as stores shuttered in second Covid wave
2nd Nov 2020 07:21
(Sharecast News) - Primark owner Associated British Foods said it expected to lose £375m in sales as new Covid-19 lockdowns across Europe forced the closure of its stores.
Read moreBerenberg downgrades Next, says structural pressures not priced in
29th Sep 2020 12:11
(Sharecast News) - Berenberg downgraded Next to 'sell' from 'hold' on Tuesday as it took a look at the retail sector.
Read moreSunday share tips: IPF, ABF
13th Sep 2020 15:34
(Sharecast News) - The Sunday Times's Emma Dunkley told readers to 'sell' shares of International Personal Finance, citing the still substantial uncertainty in its operating environment and the need to refinance a €397m (£367m) bond by next April.
Read moreTuesday broker round-up
8th Sep 2020 13:34
(Sharecast News) - Hargreaves Lansdown: Berenberg upgrades to buy with a target price of 1,915.0p.
Read morePrimark profit set to top forecast
7th Sep 2020 07:01
(Sharecast News) - Associated British Foods said Primark's annual profit would at least reach the top of guidance after strong trading at the clothes chain in the fourth quarter.
Read moreSunday newspaper round-up: Freeports, UK equities, Trump
12th Jul 2020 12:15
(Sharecast News) - Taxes and red tape will be slashed in towns and cities across the country next year, under government plans for a post-Brexit and post-coronavirus economic revolution. Rishi Sunak, the Chancellor, is preparing to introduce sweeping tax cuts and an overhaul of planning laws in up to 10 new "freeports" within a year of the UK becoming fully independent from the European Union in December, The Telegraph can reveal. - Sunday Telegraph
Read moreMonday broker round-up
6th Jul 2020 13:59
(Sharecast News) - Softcat: Citigroup downgrades to sell with a target price of 957.0p.
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