Associated British Foods PLC - London-based food and ingredient company and owner of fast-fashion retailer Primark - Enters agreement with Barclays Capital Securities Ltd to run the second tranche of AB Food's GBP500 million share buyback programme. The second tranche will be for up to GBP250 million and commence following the completion of the first tranche of the programme, expected before May 1. The first tranche, conducted by UBS Group AG, commenced on November 14. All shares repurchased will be cancelled.
Current stock price: 2,281.00 pence per share, up 0.4% in London on Friday morning.
12-month change: up 13%
By Hugh Cameron, Alliance News reporter
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Barclays (BARC)
AB Foods (ABF)