25-Feb-2021 07:40 AM
Associated British Foods said it expected to reopen 83% of Primark stores by 26 April, and forecast better-than-expected first-half performance for its grocery, sugar, agriculture and ingredients businesses.
'[W]e have likely reopening dates for 23
14-Jan-2021 07:38 AM
Primark-owner Associated British Foods warned on performance of Primark after estimating a loss of sales of £1.05 billion should stores remain closed through February.
The company said it now expected full year sales and adjusted operating profi
04-Dec-2020 07:31 AM
Associated British Foods said it expected Primark sales and profit to be higher this year even as it raised its estimate for lost sales to £430 million from £375 million previously owing to temporary store closures during the November lockdown
03-Nov-2020 08:28 AM
Associated British Foods reported a slump in annual profit as the coronavirus-led hit to Primark sales offset growth in its sugar and food ingredients units.
For the year ended 12 September, pretax profit fell 40% to £686 million year-on-year as
02-Nov-2020 04:38 PM
FTSE 100 closes up more than xx% as US stocks recover
The start of the week saw the FTSE 100 recover at least some of the ground lost last week with US stocks also opening higher.
The FTSE 100 closed up 1.4% at 5,657.01, with European markets also makin
02-Nov-2020 07:32 AM
Primark-owner Associated British Foods warned of a £375m loss on Primark sales on temporary store closures following new lockdowns implemented across Europe and a proposed lockdown in England.
Primark stores in the Republic of Ireland, France, Be
07-Sep-2020 07:25 AM
Food and clothing conglomerate Associated British Foods warned of a significant slump in annual earnings as the Covid-19 pandemic forced stores closures.
The company, however, added that its Primark discount clothing retailer was expected to generate adj
19-Aug-2020 09:00 AM
RBC Capital Markets today upgrades its investment rating on Associated British Foods PLC (LON:ABF) to outperform (from sector performer) and raised its price target to 2300p (from 2200p).
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06-Jul-2020 10:50 AM
RBC Capital Markets today upgrades its investment rating on Associated British Foods PLC (LON:ABF) to sector performer (from underperform) and raised its price target to 2200p (from 1800p).
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03-Jul-2020 11:20 AM
Credit Suisse today reaffirms its outperform investment rating on Associated British Foods PLC (LON:ABF) and raised its price target to 2530p (from 2200p).
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Broker Forecasts data provided by www.sharesmagazine.co.uk.
03-Jul-2020 11:10 AM
Goldman Sachs today downgrades its investment rating on Associated British Foods PLC (LON:ABF) to neutral (from buy) and raised its price target to 2360p (from 2250p).
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04-Jun-2020 12:40 PM
Societe Generale today reaffirms its hold investment rating on Associated British Foods PLC (LON:ABF) and cut its price target to 2028p (from 2114p).
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01-Jun-2020 07:29 AM
Associated British Foods said its discount clothing retailer Primark would re-open all its stores in England on 15 June, while forecasting operating profit at its food businesses to be in line with previous guidance.
The company also announced that it ex
27-May-2020 10:10 AM
Credit Suisse today reaffirms its outperform investment rating on Associated British Foods PLC (LON:ABF) and cut its price target to 2200p (from 2260p).
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15-May-2020 11:00 AM
Redburn today downgrades its investment rating on Associated British Foods PLC (LON:ABF) to neutral (from buy).
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12-May-2020 11:00 AM
Morgan Stanley today reaffirms its overweight investment rating on Associated British Foods PLC (LON:ABF) and cut its price target to 2800p (from 3200p).
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23-Apr-2020 01:50 PM
Jefferies International today reaffirms its buy investment rating on Associated British Foods PLC (LON:ABF) and cut its price target to 2330p (from 3020p).
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Broker Forecasts data provided by www.sharesmagazine.co.uk.
22-Apr-2020 10:30 AM
HSBC today reaffirms its buy investment rating on Associated British Foods PLC (LON:ABF) and raised its price target to 2425p (from 2345p).
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22-Apr-2020 10:20 AM
Barclays Capital today reaffirms its overweight investment rating on Associated British Foods PLC (LON:ABF) and cut its price target to 2300p (from 2500p).
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21-Apr-2020 07:43 AM
Primark-owner Associated British Foods scrapped its interim dividend after a write down pn the value of its inventory due Covid-19 lockdowns dented its profits.
For 24 weeks ended 29 February, pre-tax profit fell 41% to £298m on-year, even as reven
15-Apr-2020 01:50 PM
Citigroup today downgrades its investment rating on Associated British Foods PLC (LON:ABF) to neutral (from buy) and cut its price target to 2000p (from 2400p).
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Broker Forecasts data provided by www.sharesmagazine.
30-Mar-2020 02:00 PM
RBC Capital Markets today downgrades its investment rating on Associated British Foods PLC (LON:ABF) to underperform (from sector performer) and cut its price target to 1800p (from 2000p).
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27-Mar-2020 01:50 PM
Berenberg today upgrades its investment rating on Associated British Foods PLC (LON:ABF) to buy (from hold) and cut its price target to 2180p (from 2700p).
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Broker Forecasts data provided by www.sharesmagazine.co.uk.
25-Mar-2020 08:40 AM
Credit Suisse today reaffirms its outperform investment rating on Associated British Foods PLC (LON:ABF) and cut its price target to 2260p (from 2500p).
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Broker Forecasts data provided by www.sharesmagazine.co.uk...
23-Mar-2020 07:33 AM
Associated British Foods said it would lose £650m a month in sales following the closure of all of its Primark budget fashion stores in the UK as the country stepped up measures to contain the outbreak of the Covid-19 outbreak.
Primark on Sunday c