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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: 2,567.00
Bid: 2,565.00
Ask: 2,567.00
Change: 6.00 (0.23%)
Spread: 2.00 (0.078%)
Open: 2,553.00
High: 2,575.00
Low: 2,552.00
Prev. Close: 2,561.00
ABF Live PriceLast checked at -

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Tuesday preview: US mid-term elections, Associated British Foods in focus

Mon, 07th Nov 2022 12:08

(Sharecast News) - All eyes on Tuesday were expected to be on the results of the US mid-term elections and whether or not they resulted in legislative gridlock on Capitol Hill.

In particular, analysts believed that if Republicans took control of both chambers of Congress, the US House of Representatives and the Senate, then that would stymie any Democratic efforts to approve further fiscal support.

That, so the thinking went, would also imply less policy tightening by the US central bank, all else equal.

Nonetheless, while the majority of state elections in 2020 were called by news outlets on election night, several states including Arizona, Nevada and Pennsylvania, took between 4 and 9 days to be called.

Those three states were now considered by some observers to be key for deciding control of the Senate.

As regards economic reports, the sole US indicator due out was the National Federation of Independent Businesses' survey of small business optimism at 1100 GMT.

Across the Channel meanwhile, at 1000 GMT, Eurostat was scheduled to release euro area retail sales figures covering the month of September.

No major economic releases were scheduled in the UK.

Over in Japan, overnight readings were expected for real household spending and nominal/real wages per worker in September.

On the corporate side of things, Associated British Foods was scheduled to post full-year 2022 fiscal year earnings.

As Michael Hewson, chief market analyst at CMC Markets UK noted, the company's shares had been on the slide over the course of 2022 despite strong profit and sales growth year-to-date.

In September, the company did warn that profits would fall during the next year, on account of rising input costs, which were expected to hit its operating margins, at its Primark business in particular.

Net cash had also declined, although its grocery, sugar and agriculture businesses were all expected to see topline growth.

Tuesday 08 November

INTERIMS

Argentex Group , Aveva Group, DCC (CDI), Marks Electrical Group, Marks Electrical Group, Oxford Instruments, Warehouse Reit, Zoo Digital Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Current Account (GER) (07:00)

Retail Sales (GER) (10:00)

FINALS

Associated British Foods, Beximco Pharmaceuticals Ltd. GDR

ANNUAL REPORT

Associated British Foods

AGMS

DG Innovate, DG Innovate, Frontier Developments, Pensana

TRADING ANNOUNCEMENTS

Coca-Cola HBC AG (CDI), Persimmon

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London close: Retail stocks rise on mixed day for markets

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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

(Alliance News) - A subdued start to the week for European equities continued on Tuesday, with hawkish words from a US central banker supporting the dollar and making some rethink their interest rate outlook for the Federal Reserve.

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7 Nov 2023 07:43

LONDON BRIEFING: AB Foods hails Primark; Beazley premiums rise

(Alliance News) - London's FTSE 100 is called to open in the red on Tuesday, following Asian equities lower, as the good feeling in equity markets after the softer US jobs data on Friday gives way to some caution.

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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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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
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Oct 2023 09:30

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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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