ABF 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.
Read moreAB 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.
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