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Pin to quick picksAB Foods Share News (ABF)

Share Price Information for AB Foods (ABF)

London Stock Exchange
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Share Price: 2,703.00
Bid: 2,702.00
Ask: 2,704.00
Change: 2.00 (0.07%)
Spread: 2.00 (0.074%)
Open: 2,703.00
High: 2,722.00
Low: 2,689.00
Prev. Close: 2,701.00
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Commodity stocks push FTSE 100 lower; Whitbread shines

Tue, 25th Apr 2023 17:33

Whitbread tops FTSE 100 on dividend hike

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Associated British Foods drops on profit fall

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Travis Perkins falls on weak demand outlook

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FTSE 100 down 0.3%, FTSE 250 off 0.1%

April 25 (Reuters) - London's FTSE 100 closed down on Tuesday, logging its worst performance in April as commodity-linked stocks were a drag, while investors swarmed shares of Whitbread after it raised its dividend.

The Premier Inn owner rose 4.3% and hit over a one-year high after it more than doubled its annual dividend from a year ago, and said it expected strong demand during the weekend of King Charles' coronation.

"The biggest impact (of the coronation) is going to be from tourism," said Danni Hewson, head of financial analysis at AJ Bell.

"Premier Inn with its huge variety of locations is in a really good position to grab a huge chunk of that business."

The travel and leisure sector housing the stock added 0.8%, hitting its highest levels in over a year.

However, the blue-chip FTSE 100 index fell 0.3% weighed down by a 3.3% drop in industrial miners as copper prices fell.

Energy firms shed 1.2% as crude oil futures slid below 2%.

Bucking the trend, shares of healthcare stocks and utilities gained as the pound declined.

The FTSE 100 started the week on a tepid note, with markets in a wait-and-see mode to assess the impact of monetary tightening on company earnings.

In recent weeks, investors have been flocking towards recession-insured sectors like healthcare and utilities and cyclicals such as commodity-linked sectors have largely underperformed.

The mid-cap FTSE 250 was down 0.1%, with shares of Travis Perkins down 2.8% on a weak new house building forecast.

Associated British Foods lost 4.2% following a fall in first-half profit, and cautioned on the resilience of consumer spending amid inflation.

Anglo American reported upbeat quarterly production numbers. However, its shares were down with the broader sector.

Meanwhile, data showed Britain recorded a bigger-than-expected budget deficit of 21.53 billion pounds ($26.87 billion) in March. (Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Eileen Soreng, Dhanya Ann Thoppil and Jonathan Oatis)

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3 Nov 2023 11:52

Bangladesh protests halt production for top fashion brands - union

(Alliance News) - Levi's and H&M are among top global clothing brands to suffer production halts in Bangladesh, a garment union leader said Friday, after days of violent protests by workers demanding a near-tripling of their wages.

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1 Nov 2023 16:52

LONDON MARKET CLOSE: Stocks prosper ahead of central bank rate calls

(Alliance News) - Stocks in London took their lead from a positive start on Wall Street to close higher as investors prepare for interest rate decisions in the UK and US.

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31 Oct 2023 16:59

LONDON MARKET CLOSE: FTSE 100 returns early progress as BP disappoints

(Alliance News) - London-listed blue-chips faded after a bright start with falls in oil majors, and index heavyweights, BP and Shell dragging the FTSE 100 lower.

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31 Oct 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 1 November 
Asos PLCFull Year Results
Aston Martin Lagonda Global Holdings PLCQ3 Results
Beximco Pharmaceuticals LtdFull Year Results
GSK PLCQ3 Results
Next PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Weir Group PLCTrading Statement
Thursday 2 November 
BT Group PLCHalf Year Results
Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
Friday 3 November 
no events scheduled 
Monday 6 November 
Kingspan Group PLCTrading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 7 November 
Associated British Foods PLCFull Year Results
Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
  
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16 Oct 2023 09:30

LONDON BROKER RATINGS: Jefferies says 'buy' Pennon, United Utilities

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

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9 Oct 2023 15:40

London close: Stocks slip into red on growing Middle East concerns

(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.

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9 Oct 2023 10:33

JPMorgan places Next, AB Foods on 'negative catalyst watch'

(Sharecast News) - JPMorgan Cazenove placed the shares of Next and Primark owner Associated British Foods on 'negative catalyst watch' on Monday as it took a look at the European general retail sector.

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9 Oct 2023 08:54

LONDON BROKER RATINGS: Numis raises Rotork and cuts Bodycote

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

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9 Oct 2023 07:42

LONDON BRIEFING: Metro Bank secures deal to shore up finances

(Alliance News) - Stocks in London are set to open higher on Monday as interest rate expectations held steady despite Friday's bumper US nonfarm payrolls report.

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22 Sep 2023 08:42

LONDON MARKET OPEN: Stocks slip after central bank rate calls

(Alliance News) - Stock prices in London opened lower on Friday, but managed to avoid the steep declines seen in New York, as investors mulled over an eventful week dominated by central bank decisions.

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20 Sep 2023 09:34

LONDON BROKER RATINGS: SocGen cuts BAE; BoA resumes IHG with 'buy'

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

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18 Sep 2023 09:40

LONDON BROKER RATINGS: Jefferies likes Energean; JPMorgan raises IDS

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

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14 Sep 2023 09:22

LONDON BROKER RATINGS: JPMorgan ups Rio Tinto; Redburn likes Carnival

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

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14 Sep 2023 07:41

LONDON BRIEFING: Trainline launches buyback as revenue rises 19%

(Alliance News) - Stocks in London are called higher, with all eyes on the interest rate decision from the European Central Bank later in the day.

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13 Sep 2023 09:29

LONDON BROKER RATINGS: Goldman Sachs likes HSBC; RBC raises CVS

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

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