Company
LON:ABF
Associated British Foods is a diversified international food, ingredients and retail group with sales of £10.2 billion and 97,000 employees in 44 countries.
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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
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After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
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Primark’s performance is an all-important indicator for the FTSE 100 firm, especially with its sugar division continuing to struggle amid falling prices in the EU
RBC’s preferred stocks are Next and Primark owner Associated British Foods
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
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A glance at some of the day's highlights from the Proactive Investors newswire
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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
RBC revised its target prices on Marks & Spencer and Ocado shares but maintained a 'sector perform' on the stocks
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
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
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The UK blue-chip index finished around five points ahead at 7,183
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The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
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
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A look at the day's major movers, including N Brown, Range Resources, Arena Events, Origo Partners, Associated British Foods and Sage Group
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
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The UK's premier share index finished down over 27 points at 6,834
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The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
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Footsie closed down over 63 points at 6,855 on the day
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Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
Rico Back, 64, is the oldest chief executive on the FTSE 100 after joining Royal Mail in early 2018
