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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
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Share Price: 2,686.00
Bid: 2,699.00
Ask: 2,700.00
Change: -15.00 (-0.56%)
Spread: 1.00 (0.037%)
Open: 2,703.00
High: 2,722.00
Low: 2,686.00
Prev. Close: 2,701.00
ABF Live PriceLast checked at -

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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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29 Jun 2023 10:11

Still room for improvement in China, says H&M CEO

STOCKHOLM, June 29 (Reuters) - H&M is still not at the level it wants to be in China but things are going in the right direction, its CEO said on Thursday, after the retailer suffered a consumer boycott over its stance on alleged human rights abuses in China's Xinjiang region.

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29 Jun 2023 09:00

LONDON BROKER RATINGS: Exane cuts Ashtead; Investec likes De La Rue

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

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27 Jun 2023 08:57

LONDON BROKER RATINGS: UBS cuts BT'; HSBC starts Smiths with 'hold'

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

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26 Jun 2023 10:37

Brokers eye upgrades for AB Foods following solid third quarter update

(Alliance News) - Associated British Foods PLC said on Monday that it now expects its full-year adjusted operating profit to be "moderately" ahead of last year, following a solid performance in its third quarter.

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26 Jun 2023 09:47

AB Foods raises profit outlook as Primark gets summer boost

Sees 2022-23 profit 'moderately ahead' of previous year

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26 Jun 2023 08:53

LONDON MARKET OPEN: Stocks down after Russia drama; Aston Martin jumps

(Alliance News) - Stock prices in London opened slightly lower on Monday morning, with risk sentiment dented follow an aborted mutiny in Russia at the weekend, which has stoked concerns about stability in the nuclear-armed country.

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26 Jun 2023 08:41

TOP NEWS: AB Foods raises full-year profit outlook amid strong trading

(Alliance News) - Associated British Foods PLC on Monday said it now expects its full year adjusted operating profit to be "moderately" ahead of last year amid a strong third quarter performance.

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26 Jun 2023 07:56

LONDON BRIEFING: Stocks firm; Aston Martin signs Lucid, Mercedes deals

(Alliance News) - Stocks in London were set to start the new week marginally lower, with financial markets unfazed by a failed revolt by a mercenary army in Russia over the weekend.

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26 Jun 2023 07:03

Primark Q3 sales up 13% on strong summer

(Sharecast News) - Third-quarter sales at discount fashion chain Primark grew 13%, driven by strong summer sales and higher prices as customers seek value for money amid the cost of living crisis, leading parent company Associated British Foods to lift annual guidance.

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23 Jun 2023 17:07

IN THE KNOW: AB Foods "fundamentally strong" with tailwinds on horizon

(Alliance News) - Associated British Foods is "a fundamentally strong business" with good future prospects, leading analysts to take "a positive stance on the group's equity" according to Shore Capital analysts Clive Black and Darren Shirley.

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20 Jun 2023 09:35

LONDON BROKER RATINGS: JPMorgan sees negative catalysts for Ocado

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

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19 Jun 2023 15:45

UK earnings, trading statements calendar - next 7 days

Tuesday 20 June 
Enteq Technologies PLCFull Year Results
Gear4Music PLCFull Year Results
IG Design Group PLCFull Year Results
Intercede Group PLCFull Year Results
SThree PLCTrading Statement
Monks Investment Trust PLCFull Year Results
Wednesday 21 June 
Berkeley Group Holdings PLCFull Year Results
Esken LtdFull Year Results
Halfords Group PLCFull Year Results
Liontrust Asset Management PLCFull Year Results
Thursday 22 June 
Alpha Financial Markets Consulting PLCFull Year Results
Cordiant Digital Infrastructure LtdFull Year Results
DS Smith PLCFull Year Results
First Property Group PLCFull Year Results
Manolete Partners PLCFull Year Results
Mulberry Group PLCFull Year Results
NCC Group PLCTrading Statement
Serco Group PLCTrading Statement
Speedy Hire PLCFull Year Results
Urban Logistics REIT PLCFull Year Results
Volex PLCFull Year Results
Whitbread PLCTrading Statement
XPS Pensions Group PLCFull Year Results
Friday 23 June 
Vianet Group PLCFull Year Results
Monday 26 June 
Associated British Foods PLCTrading Statement
Carnival PLCHalf Year Results
Polar Capital Holdings PLCFull Year Results
Rio Tinto PLCHalf Year Results
SysGroup PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 Jun 2023 14:13

UK's Next raises profit outlook on better weather, consumers' wage hikes

Second quarter sales up 9.3% year-on-year

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15 Jun 2023 09:12

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo to 'neutral'

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

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15 Jun 2023 07:55

LONDON BRIEFING: Stocks set lower after US Fed decision, ahead of ECB

(Alliance News) - Stocks in London were set to open lower on Thursday, after the US Federal Reserve paused its interest rate hikes but indicated that more will follow this year.

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