Associated British Foods plc

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Market Cap:
£18.23 billion
52 weeks high
52 weeks low

Viewing results 1-25 of 123

Retail & consumer

Berenberg's scoops from the retail front line: sell Asos buy ABF

Asos was downgraded to ‘hold’ from ‘buy’ but the analysts said the e-retailer's problems are “far from insurmountable”...

2 weeks, 4 days ago
Retail & consumer

Morgan Stanley turns bearish on global stocks as 'downside risks' build up

Strategists at the investment bank downgraded its rating on global equities as it saw a "poor" risk/reward outlook for the next three months...

on 8/7/19
Retail & consumer

AB Foods still expects “good profit growth” at Primark this year despite recent sales slowdown

Sales at Primark dropped in May as a result of the “unseasonable weather” in the UK and Europe, but trading has picked up since and margins continue to improve...

on 4/7/19
Retail & consumer

Primark losing ground to online rivals like Boohoo and PrettyLittleThing, analysts suggest

Primark remains the destination for affordable yet fashion-forward purchases but online pureplays Boohoo and PrettyLittleThing continue to bite, said GlobalData analyst Chloe Collins...

on 24/4/19
Retail & consumer

Weston family to pocket another £50mln as AB Foods hikes dividend despite first-half profit plunge

AB Foods reported a 15% fall in pre-tax profits as a writedown of its Allied Bakeries business and a wipe-out of profits in AB Sugar more than offset surging profitability at Primark...

on 24/4/19
Retail & consumer

Next, M&S, Kingfisher, WH Smith and Dunelm shares to benefit from improved retail outlook, says RBC

RBC’s preferred stocks are Next and Primark owner Associated British Foods...

on 17/4/19
Retail & consumer

Five things Primark is doing right to avoid same fate as Debenhams and House of Fraser

With the launch of its Birmingham megastore, Primark is giving customers a shopping experience –a trend Liberum analyst Robert Waldschmidt thinks other retailers will follow to improve footfall ...

on 11/4/19

Frontier IP shares lifted as portfolio value jumps 27% in first half

The intellectual property investor reported that for the six months to 31 December 2018, the fair value of its portfolio had increased to £11.5mln from £9.1mln in the prior six months...

on 27/3/19

The conglomerate discount: Why Smiths is spinning off its medical division

The value of a conglomerate is almost always less than the combined value of its subsidiaries, which is why firms such as Smiths and Whitbread are spinning off some of their assets...

on 22/3/19
Retail & consumer

M&S and Ocado cost savings key to making tie-up more attractive, says RBC Capital

RBC revised its target prices on Marks & Spencer and Ocado shares but maintained a 'sector perform' on the stocks ...

on 11/3/19
Retail & consumer

Why it makes no business sense for Primark to move online

Because Primark’s clothes and accessories are so cheap, the shipping and return costs are often more expensive than the cost of the goods themselves...

on 25/2/19
Retail & consumer

AB Foods expects Primark’s first-half profit to be “well ahead” of last year

AB Foods spooked investors in December when it warned of “challenging” trading heading into the key Christmas period, but sales have bounced back in the months since...

on 25/2/19
Industry & services

Frontier IP’s Nandi Proteins wins grant to improve quality of gluten-free bread

The firm said the £250,000 project to create new ingredients using Nandi’s processing technology would receive a £180,697 grant from charity, Coeliac UK, and agency, Innovate UK...

on 31/1/19
Retail & consumer

AB Foods back in fashion as Primark enjoys better than expected Christmas

A 4% rise in sales, coupled with higher operating margins, meant Primark’s profits over the past three months or so were “well ahead” of last year...

on 17/1/19
Industry & services

A fifth of FTSE 100 firms set to lose CEOs to retirement when Britain adjusts to life after Brexit

Rico Back, 64, is the oldest chief executive on the FTSE 100 after joining Royal Mail in early 2018...

on 31/12/18
Retail & consumer

Next's Christmas trading to be hit by Brexit and mild weather, says Jefferies

In a note to investors, titled a “Messy Xmas”, Jefferies maintained a ‘hold’ rating on Next but cut its target price to 4,600p from 5,600p....

on 21/12/18
Retail & consumer

AB Foods warns of “challenging” trading at Primark in run-up to Christmas

Primark had been displaying the resilience which other retailers such as New Look could only dream of, but investors will be wondering whether this is the first sign of trouble or just a bump in the road...

on 7/12/18
Retail & consumer

Primark on track to overtake Next as UK’s second-largest clothes retailer by end of year

First-placed Marks and Spencer will be looking over its shoulder very soon as well...

on 6/11/18
Retail & consumer

Weston family in £200mln dividend pay-out as profits rise at Associated British Foods

An interim payment of £50mln was paid out in July, with another £144mln due early next year after AB Foods hiked its dividend on the back of “another year of progress”...

on 6/11/18
Industry & services

Frontier IP achieves UK government recognition as commercialisation drive reaches Portugal

In early October, the company was presented with the ‘New to Market Award’ at the DIT Business Awards, an accolade that recognises its success in the country...

on 5/11/18
Retail & consumer

ASOS: The high street killer

If video killed the radio star, ASOS, with a little help from its online peers, is killing off the high street...

on 17/10/18
Retail & consumer

Is Debenhams' public listing the cause of its woes?

A City analyst has told Proactive that the department store's public listing has "had a negative impact" on its turnaround efforts...

on 9/10/18
Retail & consumer

‘Fast Fashion’ draws ire of MPs on environmental waste concerns

Mary Creagh MP has written to the heads of companies with large clothing lines as part of an investigation into how the UK fashion industry can reduce its environmental footprint...

on 5/10/18
Retail & consumer

boohoo up as it poaches Primark’s chief operating officer to become its chief executive from March 2019

The firm said Mahmud Kamani, currently its joint chief executive, will become group executive chairman of the company with effect from 15 March 2019...

on 17/9/18