ABF: Primark owner powers through footfall slump to deliver solid growth September 5, 2024 Primark owner Associated British Foods (ABF) has reported a “significant improvement in profitability” despite a rainy summer threatening to dampen sales. The London-listed firm, which also owns Twinings Tea and a raft of food businesses, said it expected to see increased sales across its retail, grocery and ingredients divisions during its second half ending September [...]
Primark owner AB Foods’ shares drop after investors advised to sell up August 27, 2024 Shares in Associated British Foods, which owns British stalwarts like Primark, Kingsmills and Twinings, dropped this morning after stockbroker Deutsche Numis downgraded its rating from ‘hold’ to ‘sell’. Shares in the FTSE 100 firm, which owns businesses in five segments including grocery, sugar, agriculture, ingredients and retail, dropped more than three per cent in early [...]
Tea brand Twinings brews profit to nearly £100m June 3, 2024 British tea brand Twinings brewed up a profit of almost £100m during its latest financial year, it has been revealed.
Rolls Royce, Antofagasta, Natwest: these top FTSE 100 stocks have returned over 30 per cent this year April 27, 2024 The FTSE 100 does still offer something to get excited about despite a ballooning number of companies leaving the London Stock Exchange.
FTSE 100 closes at new record after breaching all-time high April 23, 2024 "This positive showing is exactly what’s needed to help repair the reputation of the UK stock market," Russ Mould, investment director at AJ Bell said.
Primark owner ABF raises dividend as markets ‘return to normality’ April 23, 2024 Primark owner Associated British Food (ABF) has raised its dividend following a strong set of results in the 24 weeks to 2 March.
Banks, retailers and tech giants dominate big blue-chip results week April 21, 2024 A slew of blue-chip results on both sides of the Atlantic will dominate the corporate news agenda this week, alongside key US economic data set to bolster the case for higher-for-longer interest rates.
Primark: Market share up as ABF thanks Rita Ora and late-arriving cold weather January 23, 2024 One in every seven pounds spent on clothing, footwear and accessories is now spent in ABF-owned Primark
FTSE 100 close: Gilt yields fall and sterling dips after Pill’s rate cut comments November 7, 2023 The biggest riser on the top index was Primark owner Associated British Foods, which reported revenues up by almost £20bn
ABF: Rita Ora collaboration helps Primark owner’s revenues hit almost £20bn November 7, 2023 Primark owner Associated British Foods (ABF) has continued to rake in hefty profits despite the cost of living crisis, with group revenue for the full year rising 16 per cent to £19.7bn. The owner of the budget fashion brand said that revenues at its retail arm rose 17 per cent to £9bn as customers flocked [...]