Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAB Foods Share News (ABF)

Share Price Information for AB Foods (ABF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,636.00
Bid: 2,635.00
Ask: 2,637.00
Change: -20.00 (-0.75%)
Spread: 2.00 (0.076%)
Open: 2,649.00
High: 2,651.00
Low: 2,619.00
Prev. Close: 2,656.00
ABF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AB Foods says COVID won't prompt Primark online rethink - CEO

Tue, 03rd Nov 2020 08:26

LONDON, Nov 3 (Reuters) - Primark-owner Associated British
Foods is not rethinking the lack of an online business
at the fashion retailer despite the COVID-19 crisis causing
prolonged store closures, its boss said on Tuesday.

"I think that COVID has more demonstrated the strength of
Primark than the weakness," Chief Executive George Weston told
Reuters.

He said Primark's trading was strong when stores reopened
after coronavirus lockdowns, while new stores were still being
well received in new markets.

"What we've seen with Primark is when people are able to
shop they prefer to shop with us than do so online," he said.

Weston also noted that over half of Primark's core customers
did not buy anything online during lockdown, preferring to wait
for stores to reopen.

"That is I think a very reassuring statistic," he said.

(Reporting by James Davey, Editing by Paul Sandle)

More News
Today 08:27

Britain's Next keeps profit guidance after first-quarter sales rise

First-quarter full price sales up 5.7%

*

Read more
30 Apr 2024 09:46

LONDON BROKER RATINGS: Deutsche says buy Barr, Britvic and Fevertree

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
24 Apr 2024 09:02

LONDON BROKER RATINGS: Investec cuts Hipgnosis Songs Fund to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
24 Apr 2024 07:42

LONDON BRIEFING: Lloyds profit takes hit; Jet2 cuts guidance

(Alliance News) - Stocks in London are set to open higher on Wednesday, as the release of some key US data edges closer

Read more
23 Apr 2024 17:15

Tech, retail stocks boost STOXX 600 to one-week high

Telecom Italia gains as CEO set for second term

*

Read more
23 Apr 2024 17:12

UK's FTSE 100 hits record peak; Associated British Foods surges

Associated British Foods jumps after forecasting growth

*

Read more
23 Apr 2024 16:55

LONDON MARKET CLOSE: FTSE 100 gains pared after hitting record high

(Alliance News) - European equities ended higher on Tuesday, with the FTSE 100 hitting its best level, before succumbing to some selling pressure in afternoon dealings.

Read more
23 Apr 2024 15:19

Europe close: Stocks rise as investors digest PMI data

(Sharecast News) - European markets closed above the waterline on Tuesday, propelled by positive survey data from the eurozone that bolstered investor sentiment.

Read more
23 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges

(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.

Read more
23 Apr 2024 10:31

Primark owner AB Foods lifts profit outlook, sending shares up 10%

H1 adjusted operating profit 951 million pounds, up 39%

*

Read more
23 Apr 2024 09:04

TOP NEWS: AB Foods ups payout 46% as Primark boosts strong first-half

(Alliance News) - Associated British Foods PLC on Tuesday raised its full-year outlook after a strong first half driven by good performances at fast-fashion retailer Primark and its food businesses.

Read more
23 Apr 2024 08:54

LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend

(Alliance News) - Stock prices in London continued to build on Monday's gains early on Tuesday, thanks to sentiment boosted by the prospect of interest rate cuts.

Read more
23 Apr 2024 07:43

LONDON BRIEFING: AB Foods lifts outlook as interim profit soars

(Alliance News) - Stocks in London are set to open up and add to Monday's gains, ahead of a slew of economic data.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.