|Bid||2,430.00 x 0|
|Ask||2,655.00 x 0|
|Day's range||2,578.41 - 2,630.00|
|52-week range||2,078.81 - 2,730.00|
|Beta (5Y monthly)||0.44|
|PE ratio (TTM)||23.25|
|Earnings date||21 Apr 2020|
|Forward dividend & yield||0.46 (1.76%)|
|Ex-dividend date||12 Dec 2019|
|1y target est||2,786.87|
Investing.com - Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the UK market open on Thursday 16 January. Please refresh for updates for UK market news from the LSE’s RNS on individual UK shares from FTSE 100, FTSE 250 and FTSE All-Share.
Associated British Foods on Friday kept its forecast for earnings growth in its 2019-20 year with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain. For Primark, which generates about half of AB Foods' revenue and profit, the group forecast a small reduction in full year margin with the effect of weaker sterling on purchases being largely offset by cost reductions in both the cost of goods and overheads. "We still expect progress, on both a reported and an IFRS 16 adjusted basis, in adjusted earnings per share for the group for this financial year," Chairman Michael McLintock said in a statement ahead of AB Foods' annual shareholders' meeting.
Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Friday, 6th December. Please refresh for updates.
Associated British Foods forecast earnings growth in its new financial year on Tuesday, with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain. Analysts at Shore Capital said they expected to upgrade their forecasts. The main swing factor in the AB Food's performance in the 2019-2020 year is likely to be sugar.
Investing.com -- Here are the highlights of the regulatory releases from the London Stock Exchanges on Tuesday, 5th November.
Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America. Primark, whose trendy clothes at rock-bottom prices have taken UK shoppers by storm, opened in Boston in 2015 and now has nine stores in the northeast, all served by a warehouse in Pennsylvania that could still serve three times as many stores. It has invested 250 million pounds ($313 million) in the United States, achieved a critical mass of sales and has a four-year education under its belt on a crowded market that is battling to stay afloat in the face of rapid e-commerce growth.
Associated British Foods warned on Monday that profit margins at its Primark fashion business will fall in its new financial year as a weaker pound pushes up import costs. Shares in the group, which generates about half of its revenue and profit from Primark, were down 3.6% at 0836 GMT, paring gains for the year so far to 11%. AB Foods kept its overall group guidance for the year to Sept. 14 2019, with Primark's margins increasing.
Cold and rainy weather hit sales at Primark in May but the fashion retailer's profit margins are still growing, its parent Associated British Foods said on Thursday. The group, which also owns a major sugar business, food brands such as Ovaltine, Ryvita and Twinings, and agriculture and food ingredients businesses maintained its forecasts for its 2018-19 fiscal year. Shares in AB Foods, which is majority owned by the family of Chief Executive George Weston, rose as much as 1.4% after the news, extending their gains to 20% this year.
Britain's main equities index dropped on Wednesday as oil majors weakened amid signs that global markets remain adequately supplied, while telecom group KCOM sky-rocketed after agreeing to a takeover deal. The FTSE 100 index lost 0.7 percent on its worst day in a month, but the midcaps gained 0.4 percent with gold miner Centamin leading gains after a strong quarterly update. Shell, the most valued FTSE 100 component in terms of market cap, recorded its worst day in over a month, while BP suffered its biggest one-day drop since late January.
Britain's main equities index moved away from a near seven-month high as oil majors weakened amid signs that global markets remain adequately supplied, while miners were hit by concerns China will reduce its economic stimulus. The FTSE-100 index was down 0.6 percent at 0810 GMT, underperforming its European counterparts, and the midcaps were down 0.1 percent. Oil majors Shell and BP dropped from multi-month highs as crude prices retreated after having jumped to their 2019 highs this week as the United States pushed to tighten sanctions against Iran.
London's blue-chip index squeezed out gains on Monday as banks got a boost from comments about a possible Brexit delay, while housebuilders were hit by reports the government was worried about Persimmon's handling of a state house-funding scheme. The FTSE 100 closed 0.1 percent higher, lagging other major European bourses where investors took comfort from U.S. President Donald Trump's decision to delay raising tariffs on Chinese imports. Lloyd's of London insurer Hiscox, which recently joined the FTSE 100, added 3 percent after reporting a profit for the year that beat market expectations.