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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: 2,671.00
Bid: 2,671.00
Ask: 2,672.00
Change: 28.00 (1.06%)
Spread: 1.00 (0.037%)
Open: 2,656.00
High: 2,674.00
Low: 2,636.00
Prev. Close: 2,643.00
ABF Live PriceLast checked at -

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UK WINNERS & LOSERS SUMMARY: De La Rue Surges On Strong Start To Year

Mon, 01st Jun 2020 10:40

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.

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FTSE 100 - WINNERS

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Associated British Foods, up 7.7%. The firm said it expects to reopen all of its Primark stores in England on June 15, following the recent announcement by the UK government on the opening of all other non-essential retail stores by that date. As at Monday, fashion retailer Primark is trading in 112 stores, which represents 34% of the brand total selling space. By June 15, Primark anticipates having 281 stores opened around the world, which represents 79% of total selling space. Trading in the 112 stores has been regarded as both "reassuring and encouraging", with consumer demand strong for children's leisure and night wear, alongside summer products.

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Standard Chartered, up 6.1%. Jefferies boosted the emerging markets-focused lender to Buy from Underperform.

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FTSE 250 - WINNERS

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Playtech, up 5.0%. The betting and gaming operator said it has been granted regulatory approval by the New Jersey Division of Gaming Enforcement to provide its casino product to the New Jersey market. It expects to launch soon in New Jersey under its transactional waiver with online gambling company bet365 Group and Hard Rock Atlantic City. Playtech also expects to launch its products with further operators in New Jersey in the near future and has started the licensing process in other US jurisdictions.

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FTSE 250 - LOSERS

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Victrex, down 2.9%. Liberum cut the polymer products manufacturer to Hold from Buy.

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OTHER MAIN MARKET AND AIM - WINNERS

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De La Rue, up 42%. The bank note printer said it has made a strong start of its current financial year ending March 31, 2021, as the Covid-19 outbreak has made a limited impact on the group's operations. In its Authentication division, the banknotes and passports printer noted the signing of a five-year agreement to supply polycarbonate data pages for the new Australian passport. To date, De La Rue's Authentication unit has been awarded contract with a total lifetime value of GBP100 million, further underpinning the group's expectations of the business reaching revenue of GBP100 million by the 2022 financial year, with strong operating margins. Meanwhile, in Currency, De La Rue is still experiencing strong demand that has remained throughout the Covid-19 pandemic, and has been awarded contracts reflecting around 80% of its annual Currency printing capacity. As a result, the group continues to expect Currency to reach a mid-teens adjusted operating margin in its 2021 financial year.

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OTHER MAIN MARKET AND AIM - LOSERS

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Ted Baker, down 11% at 136.77 pence. The upmarket fashion retailer unveiled plans to raise GBP95 million and a swing to a loss in its recently-ended financial year. The upmarket fashion retailer reported a pretax loss of GBP79.9 million for the year to January 25 versus a profit of GBP30.7 million the year before. Revenue fell 1.4% to GBP630.5 million. Ted Baker intends to raise GBP95 million in a fully underwritten placing and open offer and firm placing. The shares will be issued at 75p. "I am confident that our transformation plan will enable us, Ted Baker, to capitalise on our opportunities and deliver value for all of our shareholders," said Chief Executive Rachel Osborne.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
13 Sep 2023 07:51

Barclays lifts target price for AB Foods

(Sharecast News) - Barclays has raised its target price for the shares of Associated British Foods after the food, ingredients and retail group upped its profit guidance for the full year despite shrinking margins at its Primark division.

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12 Sep 2023 17:10

REPEAT: FTSE 100 ends higher as UK wage growth picks up

(Alliance News) - The FTSE 100 ended higher on Tuesday despite higher-than-expected wage growth data in the UK giving the Bank of England something to think about ahead of its interest rate decision next week.

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12 Sep 2023 16:59

LONDON MARKET CLOSE: FTSE 100 ends higher as UK wage growth picks up

(Alliance News) - The FTSE 100 ended higher on Tuesday despite higher-than-expected wage growth data in the UK giving the Bank of England something to think about ahead of its interest rate decision next week.

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12 Sep 2023 15:48

London close: Stocks maintain gains after latest jobs data

(Sharecast News) - London's top-flight index ended Tuesday on a positive note, with AB Foods in focus on the back of an optimistic trading statement, as investors pored over the latest UK jobs data.

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12 Sep 2023 11:55

LONDON MARKET MIDDAY: FTSE 100 edges up led by Primark-owner AB Foods

(Alliance News) - The FTSE 100 was outperforming its European peers at midday Tuesday, despite strong wage growth figures and higher unemployment in the UK.

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12 Sep 2023 09:11

TOP NEWS: AB Foods beats forecasts as higher profit expected

(Alliance News) - Associated British Foods PLC on Tuesday said in its financial year ending September 16 it performed slightly better than previous expectations.

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12 Sep 2023 07:52

LONDON BRIEFING: AB Foods beats expectations; UK unemployment rises

(Alliance News) - Stocks in London are called to open higher on Tuesday, while new data shows signs of softening in the UK labour market.

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12 Sep 2023 07:03

AB Foods lifts guidance again as Primark recovers

(Sharecast News) - UK conglomerate Associated British Foods lifted annual guidance again boosted by recovery at its Primark retail chain and strong performance from food operations.

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7 Sep 2023 09:45

LONDON BROKER RATINGS: RBC ups ConvaTec; Peel Hunt cuts Harbour Energy

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

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6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

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

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5 Sep 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 6 September 
Apax Global Alpha LtdHalf Year Results
Ashmore Group PLCFull Year Results
Bakkavor Group PLCHalf Year Results
Barratt Developments PLCFull Year Results
Darktrace PLCFull Year Results
Gateley Holdings PLCFull Year Results
Halfords Group PLCTrading Statement
Hochschild Mining PLCHalf Year Results
M Winkworth PLCHalf Year Results
Malin Corp PLCHalf Year Results
Nexteq PLCHalf Year Results
Oxford Nanopore Technologies PLCHalf Year Results
Restaurant Group PLCHalf Year Results
WH Smith PLCTrading Statement
Thursday 7 September 
Angle PLCHalf Year Results
Beazley PLCHalf Year Results
Cairn Homes PLCHalf Year Results
Currys PLCTrading Statement
Direct Line Insurance Group PLCHalf Year Results
Energean PLCHalf Year Results
Funding Circle Holdings PLCHalf Year Results
Genus PLCFull Year Results
Hilton Food Group PLCHalf Year Results
Inspecs Group PLCHalf Year Results
International Public Partnerships LtdHalf Year Results
Lords Group Trading PLCHalf Year Results
Melrose Industries PLCHalf Year Results
Mpac Group PLCHalf Year Results
Playtech PLCHalf Year Results
Polarean Imaging PLCHalf Year Results
Safestore Holdings PLCTrading Statement
Synthomer PLCHalf Year Results
WAG Payment Solutions PLCHalf Year Results
Friday 8 September 
Berkeley Group Holdings PLCTrading Statement
Byotrol PLCFull Year Results
Computacenter PLCHalf Year Results
EJF Investments LtdHalf Year Results
Petershill Partners PLCHalf Year Results
Monday 11 September 
Engage XR Holdings PLCHalf Year Results
Inspired PLCHalf Year Results
MP Evans Group PLCHalf Year Results
Vistry Group PLCHalf Year Results
Tuesday 12 September 
Associated British Foods PLCTrading Statement
Cornerstone FS PLCHalf Year Results
Creo Medical Group PLCHalf Year Results
Digital 9 Infrastructure PLCHalf Year Results
Dowlais Group PLCHalf Year Results
Eleco PLCHalf Year Results
Equals Group PLCHalf Year Results
Feedback PLCFull Year Results
Fevertree Drinks PLCHalf Year Results
Gym Group PLCHalf Year Results
Harworth Group PLCHalf Year Results
hVIVO PLCHalf Year Results
IQE PLCHalf Year Results
Itaconix PLCHalf Year Results
JTC PLCHalf Year Results
Keywords Studios PLCHalf Year Results
Mattioli Woods PLCFull Year Results
Petra Diamonds LtdFull Year Results
Property Franchise Group PLCHalf Year Results
Regional REIT LtdHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
21 Aug 2023 13:59

Broker tips: JD Sports, B&M, Diageo, Reckitt

(Sharecast News) - RBC Capital Markets has reiterated its positive stance on AB Foods, JD Sports, WH Smith and B&M, saying that consumer buying behaviour in the US paints a promising picture for the London-listed value retailers.

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21 Aug 2023 07:35

Discount retailers ABF and B&M to 'outperform', says RBC

(Sharecast News) - RBC Capital Markets has reiterated its positive stance on AB Foods, JD Sports, WH Smith and B&M, saying that consumer buying behaviour in the US paints a promising picture for the London-listed value retailers.

Read more
18 Aug 2023 11:51

LONDON MARKET MIDDAY: Retailers hit by slump in UK sales

(Alliance News) - Stock prices in London were lower at midday Friday, as UK retailers were hit by worse than expected sales in July.

Read more
16 Aug 2023 14:19

H&M probes alleged Myanmar factory abuses as pressure intensifies

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