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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: 2,730.00
Bid: 2,728.00
Ask: 2,729.00
Change: -8.00 (-0.29%)
Spread: 1.00 (0.037%)
Open: 2,740.00
High: 2,751.00
Low: 2,726.00
Prev. Close: 2,738.00
ABF Live PriceLast checked at -

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UK's FTSE 100 index closes flat, logs third-straight weekly gain

Fri, 02nd Dec 2022 17:11

AJ Bell gains on rating upgrade

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ASOS falls after interim CFO leaves

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U.S. jobs data stronger than expected

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FTSE 100 flat, FTSE 250 off 0.2%

Dec 2 (Reuters) - London's FTSE 100 index was subdued on Friday as gains in financials and consumer staple stocks were offset by losses in oil majors BP and Shell, and stronger-than-expected U.S. jobs data also depressed sentiment after a strong week.

The blue-chip index closed flat. It rose 0.9% for the week, its third straight weekly win. The domestically-focused FTSE 250 index ended 0.2% lower.

BP and Shell dipped 1.7% and 0.7%, respectively, as crude prices were mixed.

Weighing on the mood, data showed U.S. employers hired more workers than expected in November and increased wages despite mounting worries of a recession, increasing the likelihood central banks will continue to raise rates.

"Today's jobs report shows that there's still some way to go before central banks can allow the market to ease financial conditions for them," said Andrea Cicione, Head of Strategy at TS Lombard.

British businesses reported easing price pressures, but warned of lower employment and investment, in a Bank of England survey on Thursday that should reassure policymakers that their interest rate rises are taking effect.

The FTSE 100 has gained more than 12% since its October lows as the British government's new leadership tries to restore confidence in the economy after a mini budget raised concerns about fiscal policy and rattled markets.

Among single stocks, Primark-owner AB Foods jumped 5% to top the FTSE 100 index after two positive brokerage actions.

AJ Bell climbed 8.3% as Jefferies upgraded the investment platform's stock to "buy" from "hold". Shares of eastern Mediterranean-focused oil and gas producer Energean slid 8.3% on institutional seller's discounted share sale. (Reporting by Shashwat Chauhan and Shristi Achar A in Bengaluru; Editing by Subhranshu Sahu, Sherry Jacob-Phillips and Barbara Lewis)

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(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%

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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

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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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