Friday broker round-up
3rd Jul 2020 13:15
(Sharecast News) - Next: Goldman Sachs downgrades to sell with a target price of 4,400.0p.
Read morePrimark sees profit slump as Covid-19 lockdowns hit sales
2nd Jul 2020 07:08
(Sharecast News) - Associated British Foods said it expected a two-third slump in annual profits at its Primark unit as it felt the impact of closures during the coronavirus pandemic.
Read moreTuesday broker round-up
2nd Jun 2020 14:15
(Sharecast News) - TUI: Berenberg downgrades to sell with a target price of 350p.
Read morePrimark aims for June 15 England re-opening from Covid lockdown
1st Jun 2020 07:16
(Sharecast News) - Associated British Foods said it was working to re-open all its Primark Stores in England on June 15 as the government relaxed coronavirus lockdown rules.
Read moreMorgan Stanley downgrades Dixons and Superdry, forecasts 62% slide in sector earnings
12th May 2020 10:54
(Sharecast News) - Morgan Stanley has re-rated a swathe of retailers, warning that earnings are likely to tumble this year and the next as long-term consumer spending patterns undergo a fundamental shift.
Read moreWednesday broker round-up
22nd Apr 2020 13:54
(Sharecast News) - Centrica: Jefferies downgrades to hold with a target price of 29p.
Read moreABF hit by £284m Covid-19 inventory charge
21st Apr 2020 07:42
(Sharecast News) - Associated British Foods said it expected profit to be lower even after its shuttered stores reopen as the owner of Primark reported a £284m charge for goods it cannot sell in the first half.
Read moreTuesday preview: UK claimant count, ABF in focus
20th Apr 2020 14:20
(Sharecast News) - The focus on Tuesday will be again be on the jobs market, but in the UK this time around.
Read moreABF approved for BoE commercial paper scheme
17th Apr 2020 07:31
(Sharecast News) - Associated British Foods said it had been accepted for inclusion in the Bank of England's programme to buy commercial paper during the Covid-19 crisis.
Read moreCiti downgrades M&S, AB Foods; upgrades Dunelm
15th Apr 2020 10:19
(Sharecast News) - Citi reviewed its rating on a number of UK retail stocks on Wednesday amid a deteriorating economic outlook.
Read moreSunday newspaper round-up: Tesco, Parliament, Jaguar Land Rover
12th Apr 2020 12:53
(Sharecast News) - Property consultant Altus calculates that, of the £11bn in business rates relief granted in England, about £3bn will go to food retailers. A bailout package meant to prop up businesses facing closure is filling the supermarkets' coffers even as they enjoy record sales. Tensions were raised last week when Tesco, the biggest beneficiary, said it would pay a final dividend of £635m for 2019-20, about 15% higher than the City had expected. Chief executive Dave Lewis reminded critics that it related to performance before the virus drove food-buyers to the supermarkets. He also said that measures to keep Tesco running during the crisis would result in extra costs of £650m-£925m. - Sunday Times
Read moreSunday newspaper round-up: Next, Water giants, NMC Health
5th Apr 2020 20:39
(Sharecast News) - Fashion retailers and their suppliers are braced for a massive shake-out of the industry as an estimated £10bn of clothing piles up in warehouses during the coronavirus lockdown. Retail insiders said major firms including Primark, Peacocks, Arcadia and Next had all stopped taking deliveries to their warehouses because they had no more room. Numerous poorer performing retailers, including Debenhams and vintage-inspired retailer Cath Kidston, are on the verge of collapse. - Guardian
Read moreAB Foods CEO, FD take voluntary 50% pay cut
3rd Apr 2020 07:02
(Sharecast News) - Primark owner Associated British Foods said its chief executive and finance director had volunteered to take a 50% pay cut in response to the coronavirus pandemic.
Read moreBroker tips: ABF, Tobacco stocks
24th Mar 2020 22:23
(Sharecast News) - ShoreCap reiterated its 'buy' recommendation for shares of Associated British Foods, hailing its "exceptionally good liquidity".
Read moreShoreCap says ABF well positioned to 'ride out a notable storm'
24th Mar 2020 16:51
(Sharecast News) - ShoreCap reiterated its 'buy' recommendation for shares of Associated British Foods, hailing its "exceptionally good liquidity".
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