Associated British Foods plc

Currys PLC (LSE:CURY), Tesco PLC (LSE:TSCO) and Kingfisher PLC (LSE:KGF) were among the retailers tipped to benefit from signs that UK consumer spending strengthened in June, while Primark owner Associated British Foods PLC (LSE:ABF) could be one of the main loser as shoppers increasingly bought online. Analysts at Citi said industry data from the British Retail Consortium and Barclaycard pointed to a sequential improvement in retail sales, driven by stronger demand for non-food products.

proactiveinvestors.co.uk - 2026-07-15 08:02:23

Associated British Foods PLC (LSE:ABF) acquisition of Hovis is expected to weigh modestly on earnings in the 2027 financial year before becoming earnings accretive a year later, according to Citi. The investment bank's comments followed completion of the deal after it received clearance from the Competition and Markets Authority.

proactiveinvestors.co.uk - 2026-07-09 08:36:51

NNI, AA and ASBFY have been added to the Zacks Rank #5 (Strong Sell) List on July 9, 2026.

zacks.com - 2026-07-09 05:12:05

Associated British Foods plc (ASBFY) Q2 2026 Sales/Trading Call Transcript

seekingalpha.com - 2026-07-01 06:46:49

Associated British Foods backed its guidance across all businesses apart from its sugar unit which it said would post a loss as market conditions deteriorate.

wsj.com - 2026-07-01 03:18:00

Associated British Foods PLC (LSE:ABF) warned that weaker sugar trading will hit profits this year, while Primark saw mixed sales in the third quarter. The FTSE 100 group said its full-year outlook is "unchanged", expecting adjusted operating profit and adjusted EPS will be below last year, while Sugar is expected to make a larger adjusted operating loss of £25-60 million.

proactiveinvestors.co.uk - 2026-07-01 02:51:09

Fashion retailer Primark named Lucy Slinger ​as its chief financial officer ‌on Thursday, strengthening its leadership team ahead of its ​split from Associated British ​Foods.

reuters.com - 2026-06-11 02:43:04

Investors remain cautious on the European retail sector, though Next PLC (LSE:NXT) and Tesco PLC (LSE:TSCO) continue to rank among the most crowded long positions in the industry, according to UBS. The bank's latest 'crowding' analysis found overall positioning among institutional investors in retail remains negative, with the sector described as "short skewed" relative to the wider European market.

proactiveinvestors.co.uk - 2026-06-02 07:10:08

Elementis plc (LSE:ELM) shares rose 6.2% to 161.2p after the speciality chemicals group completed the sale of its pharmaceutical manufacturing business to Associated British Foods PLC (LSE:ABF) and said it would return the proceeds to shareholders through a share buyback. The company confirmed completion of the disposal for an enterprise value of €34.3 million ($39.8 million) and, after transaction costs, expects to receive net cash proceeds of about €30 million (roughly $35 million), all of which will be returned to shareholders via a share repurchase programme that is expected to begin as soon as practicable.

proactiveinvestors.co.uk - 2026-06-02 04:02:45

Associated British Foods PLC (LSE:ABF) faces a growing risk of earnings downgrades as weak sales growth at Primark and pressure on profit margins continue to weigh on investor confidence, according to Deutsche Bank. The bank cut its target price on the FTSE 100 group to 1,850p from 1,925p and maintained a 'hold' rating, saying the investment case remained difficult despite the shares trading near 2013 levels.

proactiveinvestors.co.uk - 2026-05-26 08:41:54

The Hain Celestial Group (NASDAQ: HAIN - Get Free Report) and Associated British Foods (OTCMKTS:ASBFY - Get Free Report) are both consumer staples companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, valuation, profitability, institutional ownership, analyst recommendations, risk and dividends. Insider and Institutional Ownership

defenseworld.net - 2026-04-27 02:40:45

Analysts at UBS have trimmed the bank's target price on Associated British Foods PLC (LSE:ABF) to 2,050p from 2,240p (current price: 1,828p), in the wake of this week's news that the UK conglomerate will spin out Primark. UBS, meanwhile, kept a 'Neutral' rating, arguing that while the planned demerger of Primark is the right strategic move, investors are likely to stay fixated on weak like-for-like sales at the discount fashion chain.

proactiveinvestors.co.uk - 2026-04-23 11:17:04

Associated British Foods PLC (OTCMKTS:ASBFY - Get Free Report) has been given an average rating of "Reduce" by the six research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a strong buy recommendation

defenseworld.net - 2026-04-23 04:54:45

Shares of Associated British Foods PLC (OTCMKTS:ASBFY - Get Free Report) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $25.41 and traded as low as $25.0701. Associated British Foods shares last traded at $25.1050, with a volume of 55,505 shares trading hands.

defenseworld.net - 2026-04-23 03:59:32

Associated British Foods plc (ASBFY) Q2 2026 Earnings Call Transcript

seekingalpha.com - 2026-04-21 16:10:39

Associated British Foods reported an 18% decline in operating profit and said it was tracking a possible downturn in consumer spending

marketwatch.com - 2026-04-21 05:30:00

Associated British Foods will proceed with the separation of the budget clothing retailer from its food operations, and list the two businesses in London.

wsj.com - 2026-04-21 03:17:00

Associated British Foods PLC (LSE:ABF) will split its business in two, confirming plans to demerge its Primark retail arm from its food operations. Following a strategic review launched in November, the FTSE 100 group said shareholders will receive stakes in both separately listed companies, with Primark and the remaining food business, to be known as FoodCo, expected to also join London's blue-chip index.

proactiveinvestors.co.uk - 2026-04-21 02:36:48

Associated British Foods plans to demerge the clothing retail business from its food operations, and list the two entities on the London Stock Exchange.

wsj.com - 2026-04-21 02:27:00

Associated British Foods has decided to separate its Primark fashion chain from ​its food businesses through a demerger following a review of ‌the group's structure, it said on Tuesday.

reuters.com - 2026-04-21 02:14:53