Investments and investor services
FTSE 100 extends losing streak to four days; ABF top loser
The FTSE 100 closed lower on Thursday as there was no clear direction across global equities
Company
Associated British Foods PLC
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.
479 stories · page 17 of 24
Archive
Royal Mail’s Christmas performance under the microscope on Thursday
As well as Royal Mail, updates are expected from Costa Coffee owner Whitbread and Associated British Foods - the parent company of Primark
Primark well placed to take US market share, says Barclays as it upgrades parent ABF
Barclays raised its rating on ABF to ‘overweight’ from ‘equal-weight’
Investments and investor services
FTSE 100 closes lower as miners prove a drag
London’s blue-chip benchmark closed around 13 points lower on the day at 7,755
Archive
Coffee break eyed at Whitbread as retail trading updates continue to flow
Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
FTSE 100 pops higher again to another record close
It was another quiet day in London but also another record close
Next's Christmas surprise lifts UK retail stocks ahead of slew of festive trading updates
An unexpected rise in Next's sales over Christmas boosted shares of other UK retailers due to post similar trading statements over coming weeks
Investments and investor services
FTSE 100 closes higher; Next keeps festive cheer rolling
On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
Brexit could hamper turnaround of Carpetright and other UK retailers, says Deutsche Bank
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
ASOS upgraded by Deutsche Bank as part of New Year review of retail sector
Deutsche Bank has identified a number of themes for the retail sector: continue to favour online clothing sellers over bricks & mortar operations; beware of "value traps" and turnaround plays
RBC warns AB Foods that even Primark isn’t immune to tough retail environment
The Canadian bank thinks ABF’s Primark business will struggle to grow like-for-like sales over the next year or two
FTSE 100 closes in positive territory but off session highs
The UK blue chip index closed around seven points higher at 7,544, below the day’s peak of 7,563
Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
Investments and investor services
Will Sports Direct International investors still be optimistic when interims come out on Thursday?
Sports Direct International, Ocado Group, PZ Cussons, and Bunzl are among the names in Thursday's agenda.
Archive
Federal Reserve Grinch to dominate among upcoming central bank rate decisions
The Week Ahead will be dominated by interest rate decisions from the US Federal Reserve, Bank of England and ECB, plus UK inflation and results from Ashtead Group, TUI, and Dixons Caphone among others
ABF expects annual retail profit growth as Primark expansion continues
Primark's expansion will continue after opening five new stores and relocating two others this year
Primark's US expansion in doubt as Morgan Stanley downgrades AB Foods
Primark's management regards its US pull-back as "fine-tuning" and remains committed to the US market, but MS now assumes no further expansion in the US in its base case
Primark remains growth engine for ABF, says Liberum
Liberum has maintained its ‘buy’ rating on ABF and raised its target price to 3,500p from 3,150p
ABF shares fall on plans to reduce size of US Primark stores as it reports full year profit growth
ABF said it would be reducing the size of three of its Primark stores in the US as it struggles to crack America's competitive retail market
Investments and investor services
All eyes on Primark as Associated British Foods releases results
AB Foods saw its shares fall after a pre-close season update as worries over cost pressures in its grocery business, but, the Primark fashion retail unit will likely be the focus for many.