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Associated British Foods plc

ABF.L

Latest Trade

1,991.00GBp

Change

-3.00(-0.15%)

Volume

638,911

Today's Range

1,977.50

 - 

2,011.00

52 Week Range

1,554.00

 - 

2,730.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Associated British Foods Closes All 376 Primark Stores

March 23 (Reuters) - Associated British Foods PLC <ABF.L>::ASSOC.BRITISH FOODS - COVID-19 UPDATE.AB FOODS - AS AT 16 MARCH 2020, PRIMARK STORES REPRESENTING 20 PERCENT OF SELLING SPACE AND 30 PERCENT OF SALES WERE CLOSED..AB FOODS - ALL 376 STORES IN 12 COUNTRIES ARE NOW CLOSED UNTIL FURTHER NOTICE. THIS REPRESENTS A LOSS OF SOME £650M OF NET SALES PER MONTH.AB FOODS - HAVE ALSO REGRETTABLY INFORMED SUPPLIERS THAT WE WILL STOP PLACING NEW ORDERS..AB FOODS - WE ARE MAKING GOOD PROGRESS IN ALSO REDUCING FIXED COSTS FOLLOWING DISCUSSIONS WITH COUNTERPARTIES.AB FOODS - HAVE NOT SEEN A MATERIAL IMPACT IN SUGAR, GROCERY, INGREDIENTS AND AGRICULTURE BUSINESSES..AB FOODS - WE CURRENTLY ESTIMATE BEING ABLE TO RECOVER SOME 50 PERCENT OF TOTAL OPERATING COSTS.AB FOODS - TO MANAGE PRIMARK STOCK WE HAVE ALSO REGRETTABLY INFORMED SUPPLIERS THAT WE WILL STOP PLACING NEW ORDERS.AB FOODS - REITERATE THAT IN AGGREGATE, WE HAVE NOT SEEN A MATERIAL IMPACT IN OUR SUGAR, GROCERY, INGREDIENTS AND AGRICULTURE BUSINESSES.

AB Foods Says Too Early To Forecast For Remainder Of Year Due To COVID-19

March 16 (Reuters) - Associated British Foods PLC <ABF.L>::AB FOODS - FOR FIRST HALF, ADJUSTED OPERATING PROFIT WILL BE AHEAD OF OUR PREVIOUS EXPECTATIONS.AB FOODS - HIGHER MARGINS FOR PRIMARK AND GROCERY IN HY.AB FOODS - ADJUSTED EARNINGS PER SHARE FOR FIRST HALF WILL NOW BE AHEAD OF LAST YEAR ON BOTH A LEASE-ADJUSTED AND A REPORTED BASIS.AB FOODS - STORES ACCOUNTING FOR 20 PERCENT OF PRIMARK'S SELLING SPACE ARE NOW CLOSED UNTIL RESPECTIVE GOVERNMENTS PERMIT THEM TO RE-OPEN..AB FOODS - ARE MANAGING BUSINESS APPROPRIATELY BUT DO NOT EXPECT TO SIGNIFICANTLY MITIGATE EFFECT OF CONTRIBUTION LOST FROM SALES..AB FOODS - IN AGGREGATE WE HAVE NOT SEEN A MATERIAL IMPACT IN OUR SUGAR, GROCERY, INGREDIENTS AND AGRICULTURE BUSINESSES..AB FOODS - GIVEN EFFECT OF COVID-19 ON PRIMARK'S SALES, IT IS TOO EARLY TO PROVIDE EARNINGS GUIDANCE FOR REMAINDER OF CURRENT FINANCIAL YEAR.

Wilmar International Announces JV In China With Associated British Foods Plc

June 3 (Reuters) - Wilmar International Ltd <WLIL.SI>::ASSOCIATED BRITISH FOODS PLC AND UNIT EXECUTED BINDING TERM SHEET FOR INTENTION TO FORM 50:50 JV IN CHINA.JV FOR MANUFACTURE, SALE AND DISTRIBUTION OF YEAST AND BAKERY INGREDIENTS.

Primark UK underlying sales positive in early weeks of H2 - CEO

April 24 (Reuters) - Associated British Foods <ABF.L>::CEO SAYS PRIMARK UK LIKE-FOR-LIKE SALES POSITIVE IN EARLY WEEKS OF SECOND HALF.

AB Foods' Primark like-for-like sales negative in Nov - FD

Dec 7 (Reuters) - Associated British Foods PLC <ABF.L>::FINANCE DIRECTOR SAYS PRIMARK'S LIKE-FOR-LIKE SALES "JUST POSITIVE" IN SEPT AND OCT BUT NEGATIVE IN NOV.FD SAYS DIP IN PRIMARK'S NOVEMBER TRADE REFLECTS FALL IN FOOTFALL AND MILD WEATHER.SHARES DOWN 1.3 PERCENT AFTER REPORTS CHALLENGING PRIMARK TRADING IN NOVEMBER.

Capital Group Companies Inc Cuts Associated British Foods Stake To 4.9924 Pct From 9.8884 Pct

Oct 22 (Reuters) - Associated British Foods PLC <ABF.L>::CAPITAL GROUP COMPANIES, INC. ("CGC") CUTS STAKE TO 4.9924 PERCENT FROM 9.8884 PERCENT IN ASSOCIATED BRITISH FOODS PLC - FILING.

Associated British Foods Says Chairman Sinclair To Retire

Feb 22 (Reuters) - Associated British Foods Plc <ABF.L>::‍ANNOUNCES THAT CHARLES SINCLAIR, CHAIRMAN, YESTERDAY NOTIFIED HIS INTENTION TO RETIRE FROM BOARD ON 11 APRIL 2018​.‍MICHAEL MCLINTOCK, INDEPENDENT NON-EXECUTIVE DIRECTOR , WILL SUCCEED CHARLES SINCLAIR AS CHAIRMAN OF COMPANY​.

AB Foods' Primark 2016-17 UK like-for-like sales up "over 4 pct" - FD

Sept 11 (Reuters) - Ab Foods <ABF.L>:FD says Primark's 2016-17 UK like-for-like sales were up "over 4 percent".

AB Foods says Primark's Q3 UK like-for-like sales growth "a lot better" than H1's

July 6 (Reuters) - AB Foods <ABF.L>:Shares up 2.2 percent after firm says full year outlook has "marginally improved".FD says Primark's Q3 UK like-for-like sales growth "a lot better" than H1 increase of 2 percent.

AB Foods says Primark "traded well through Easter"

April 19 (Reuters) - Ab Foods <ABF.L>:CEO says Primark "traded well through Easter".Shares up 4 percent as firm raises full year guidance.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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