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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: 2,702.00
Bid: 2,701.00
Ask: 2,703.00
Change: 15.00 (0.56%)
Spread: 2.00 (0.074%)
Open: 2,701.00
High: 2,704.00
Low: 2,698.00
Prev. Close: 2,687.00
ABF Live PriceLast checked at -

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FTSE 100 ends flat as insurers overshadow miners boost

Tue, 23rd Jan 2024 17:10

Miners rise after talks of China stimulus

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AB Foods climb after results

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Crest Nicholson up on encouraging outlook

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FTSE 100 flat, FTSE 250 off 0.4%

Jan 23 (Reuters) - The UK's FTSE 100 was little changed on Tuesday as gains in metal miners were offset by losses in non-life insurers, while investors assessed earnings updates and awaited economic data for more clarity on the Bank of England's monetary easing plans.

The blue-chip FTSE 100 index was flat, while the midcap index FTSE 250 slipped 0.4%.

Industrial metal miners were the top gainers, soaring 2.1% in what was their best day in nearly six weeks as most metal prices climbed on a report that Chinese authorities were considering a rescue package for its stock market.

Miners such as Rio Tinto, Glencore and Anglo American rose between 2.2% and 1.8%.

Non-life insurers limited gains, falling 1.8%.

Investors also parsed Christmas trading updates from retailers to see how consumers are faring.

Shares of Premier Foods were down 0.1% even as the food producer reported a 14.4% jump in third-quarter sales, helped by strong festive season demand for its products. The stock touched a more-than-12-year high at market open.

Associated British Foods rose 0.8% after the retailer said it felt more confident of its Primark clothing business delivering an improved adjusted operating margin in the 2023/24 financial year. The unit posted slowing underlying sales growth in the Christmas quarter.

"Coming in the wake of recent positive updates from Next and Marks and Spencer, Primark owner AB Foods had a lot to live up to with its own quarterly trading update today, and it appears to have delivered with a strong performance across most of its business areas," said Michael Hewson, chief market analyst at CMC Markets UK.

Investors await readings on UK business activity as well as consumer confidence later this week to gauge how the British economy is faring and the BoE's interest rate trajectory.

Crest Nicholson fell 1.6%. The homebuilder reiterated its forecast of an encouraging calendar year despite a bigger-than-expected fall in its 2023 profit. (Reporting by Sruthi Shankar and Shubham Batra in Bengaluru; Editing by Mrigank Dhaniwala, Janane Venkatraman and Mark Heinrich)

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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.

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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%

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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.

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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.

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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.

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