AB 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.
Read moreUBS 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.
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