Government may force shops to close - reports
23rd Mar 2020 14:11
(Sharecast News) - The UK is considering closing down non-essential retailers to reduce the spread of Covid-19, according to reports.
Read morePrimark closure to cost £650m a month in lost sales
23rd Mar 2020 07:03
(Sharecast News) - Primark's decision to close its stores will cost £650m a month in lost sales, parent company Associated British Foods said.
Read moreMonday broker round-up
16th Mar 2020 13:18
(Sharecast News) - Weir Group: Morgan Stanley downgrades to equal weight with a target price of 1,350p.
Read moreAB Foods European sales slump on Covid-19 closures, declining footfall
16th Mar 2020 07:16
(Sharecast News) - Primark owner Associated British Foods said it had seen an accelerated decline in sales in its European stores as they were either closed or customers stayed away due to the coronavirus despite an improvement in supplies from China.
Read moreThursday broker round-up
27th Feb 2020 12:47
(Sharecast News) - Restaurant Group: RBC Capital Markets downgrades to sector performer with a target price of 170p.
Read moreWednesday broker round-up
26th Feb 2020 12:48
(Sharecast News) - Associated British Foods: Berenberg downgrades to hold with a target price of 2,700p.
Read moreABF considers stock building to counter Coronavirus risk to supplies
24th Feb 2020 07:02
(Sharecast News) - Primark owner Associated British Foods said it was looking at stepping up production from Asian suppliers as it warned of risks to supplies from China due to the Coronavirus.
Read moreMonday broker round-up
17th Feb 2020 13:05
(Sharecast News) - Hikma Pharmatheuticals: Citigroup downgrades to neutral with a target price of 1,980p.
Read moreIncrease in selling space underpins Primark performance for AB Foods
16th Jan 2020 07:32
(Sharecast News) - Associated British Foods updated the market on its trading for the 16 weeks to 4 January on Thursday, reporting that its outlook was unchanged, with progress expected - on both a reported and an IFRS 16 adjusted basis - in its adjusted earnings per share for the year.
Read moreAssociated British Foods maintains outlook for decent growth
6th Dec 2019 07:34
(Sharecast News) - Associated British Foods reiterated its outlook for the new financial year on Friday, reporting that its AB Sugar division was set to "benefit materially" from the increase in EU sugar prices in the last year, and from further cost reductions.
Read moreMonday broker round-up
11th Nov 2019 13:35
(Sharecast News) - Lancashire Holdings: JP Morgan upgrades to neutral with a target price of 700p.
Read moreThursday broker round-up
7th Nov 2019 13:28
(Sharecast News) - Associated British Foods: Goldman Sachs upgrades to buy with a target price of 2,750p.
Read morePrimark, grocery help AB Foods post 2% profit rise
5th Nov 2019 07:22
(Sharecast News) - Associated British Foods reported a rise in adjusted full year profits as its Primark and grocery businesses offset a sharp fall in sugar earnings.
Read moreMonday broker round-up
21st Oct 2019 13:05
(Sharecast News) - Pearson: Deutsche Bank upgrades to buy with a target price of 600p.
Read moreBerenberg stays at 'buy' on ABF, sees upside for Primark valuation and sugar prices
21st Oct 2019 10:44
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' recommendation for shares of Associated British Foods, telling clients that the combination of a valuation discount for the firm's fashion unit, Primark, and signs that the sugar price was "bottoming out" made for a good entry point into the shares.
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