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 7 of 24
Primark's click & collect service a 'welcome step' in its digital evolution
Importantly, the trial should be seen as a steppingstone to increase Primark’s addressable market
FIVE at FIVE: FTX latest; Primark’s click-and-collect crash; Crypto.com speculation; Windfall tax no biggie for power groups
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Primark's click-and-collect website crashes on first day
Customers will be able to shop from the comfort of their homes and collect in-store, a move Primark hopes will drive higher footfall and lead to incremental sales in its shops
FIVE at FIVE: Primark Price Freeze; Royal Mail owner climbs; FTSE 100; FTX Pauses Withdrawals; Persimmon Housing Market Warning
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Primark owner ABF a 'buy' with Shore Capital despite macro-factors
'External environment from the commencement of the pandemic has thrown up many more challenges than opportunities for ABF' said the analysts
ABF freezes Primark prices, reports jump in profits and plans share buyback
ABF was boosted by sales at its clothing arm Primark, which saw a "significant increase in customer footfall and sales densities" after Covid restrictions were eased
Archive
FTSE 100 closes flat as all eyes turn to US midterm results
The UK's blue-chip index stayed quiet on Tuesday, finishing at 7,306 points for a 0.1% gain on the day
Primark and Persimmon in Tuesday’s spotlight
Whilst not the busiest of days in the calendar there’s a number of closely followed stocks set to update the market on Tuesday.
Primark owner AB Foods to take inflation damage
So called fast-fashion and high street retail is in the spotlight amidst the cost of living crisis.
AB Foods downgraded to 'neutral' from 'buy' by UBS following recent pre-close trading update
The Swiss bank analysts said they expect AB Foods' shares to perform "in line with (the) market until there is evidence of some progress on sales/margin trends"
Deutsche Bank cuts AB Foods target price to 1,575p from 1,850p following last week's trading upate
The Deutsche Bank analysts said: "Whilst the shares took another leg down on the profit warning, we think much is now incorporated in the valuation and remain Hold rated but lower our target price"
FIVE at FIVE: Concerns mount over Queen's health; Truss scraps fracking ban; Primark lays down the gauntlet; Melrose sinks further
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Primark lays down the gauntlet on pricing, but will other retailers follow?
Primark became one of the first to say it will not hike its prices any further
Barclays downgrades AB Foods to 'equal-weight' from 'underweight', chops target after cautious year-end trading update
The Barclays analysts said: "Until we get more visibility on the numerous moving parts, we take our rating down to EW and lower our PT to £15 (from £23)"
Primark not immune to the cost-of-living crisis, says owner ABF as it issues profit warning
ABF said market volatility, cost inflation, and much higher energy costs will all adversely impact sales at Primark
Falling household spending power prompts downgrades for UK retailers
The broker has lowered ratings, profit forecasts and price targets across the UK retail sector.
Home deliveries may be the next step of Primark’s online revolution, but don’t hold your breath
Click & collect service allows could allow Primark to trade online whilst avoiding the costs of setting up delivery operations
UK consumer confidence drags at all-time low, retailers hit
The challenges facing the retail sector are thorny and multi-faceted, according to analysts