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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: 2,701.00
Bid: 2,698.00
Ask: 2,700.00
Change: 14.00 (0.52%)
Spread: 2.00 (0.074%)
Open: 2,701.00
High: 2,710.00
Low: 2,692.00
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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24 Nov 2023 11:42

LONDON MARKET MIDDAY: Stocks edge lower in quiet Thanksgiving trade

(Alliance News) - Stock prices in London were down midday on Friday, in a quiet day of trade as the Thanksgiving holiday saw global markets "hit the snooze button."

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15 Nov 2023 12:08

LONDON MARKET MIDDAY: UK inflation slowdown lifts retail and property

(Alliance News) - Stock prices in London were higher at midday on Wednesday, as investors reacted to a rapid slowdown in the UK annual inflation rate last month, alongside a cooling of US consumer price pressure and favourable data out of China too.

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15 Nov 2023 08:49

LONDON MARKET OPEN: Stocks join global rally as UK, US inflation slows

(Alliance News) - Stock prices in London made strong gains on Wednesday morning, with sentiment lifted by inflation readings from the UK and US, alongside robust data from China.

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9 Nov 2023 10:33

IN BRIEF: AB Foods launches first tranche of GBP500 million buyback

Associated British Foods PLC - London-based food manufacturer, and fast fashion retailer through Primark - Launches first tranche of buyback programme for up to GBP500 million. Says the first tranche will buyback up to GBP250 million worth of shares, and will run until April 2024. It will be conducted by UBS AG. Says the purpose of the buyback is to reduce the firm's share capital, with shares purchased set to be cancelled.

Read more
9 Nov 2023 09:43

LONDON BROKER RATINGS: M&S and Unilever raised but Asos cut

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8 Nov 2023 14:59

London close: Retail stocks rise on mixed day for markets

(Sharecast News) - London's stock markets experienced a mixed day of trading on Wednesday after a robust performance from the retail sector, led by gains from Marks and Spencer.

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8 Nov 2023 09:30

LONDON BROKER RATINGS: UBS downbeat on AJ Bell and Hargreaves Lansdown

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

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7 Nov 2023 16:58

LONDON MARKET CLOSE: FTSE 100 held back by miners and oil firms

(Alliance News) - The FTSE 100 in London closed slightly lower on Tuesday, as miners and oil firms continued to drag down the index throughout the day.

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7 Nov 2023 12:07

LONDON MARKET MIDDAY: Housebuilders and retail up, miners and oil down

(Alliance News) - European equities were mixed heading into Tuesday afternoon, with weaker China data and doubts over the US interest rate outlook weighing on the mood.

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7 Nov 2023 09:13

TOP NEWS: AB Foods hails Primark as annual profit and revenue grow

(Alliance News) - Associated British Foods PLC on Tuesday said it overcame "unseasonal weather" in its latest financial year, with revenue increasing across all segments as profit followed suite.

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7 Nov 2023 08:53

LONDON MARKET OPEN: AB Foods and Frasers rise on buybacks; RS slumps

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7 Nov 2023 07:43

LONDON BRIEFING: AB Foods hails Primark; Beazley premiums rise

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7 Nov 2023 07:11

AB Foods ups shareholder returns as profits jump 25%

(Sharecast News) - Food, ingredients and retail conglomerate Associated British Foods is returning another half a billion pounds to shareholders as it reported double-digit growth on both the top and bottom lines in the last financial year.

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