RNS Number: 0307 M Associated British Foods PLC 11 September 2019 11 September 2019. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Associated British Foods (ABF) expects full-year sales at Primark to be 4 per cent ahead of last year at constant currency, but down 2 per cent on a like-for-like basis. Operating margin improved from 9.8 per cent to 11.7 per cent, driven by a weaker US dollar, better buying and stock management. Strong profit performance from Primark and the grocery business helped to offset the continued decline in sugar, with group adjusted earnings per share expected to be in line with last year. Shares fell more than 3 per cent in early trading.
Associated British Foods says in a trading update that strong profits performances from Primark and its grocery business will offset an anticipated decline at AB Sugar in its full-year results. It expects sales at Primark to be up 4% overall but down 2% on a like-for-like basis. The group is maintaining its guidance for the full year.
Associated British Foods Plc (ABF.L) Announced that its full year outlook for the group is unchanged, with adjusted earnings per share expected to be in line with last year. Strong profit performances this year from Primark and Grocery are expected to be offset by the anticipated decline in AB Sugar. Net interest expense will be lower than last year following the maturity of $310 million of private placement senior notes in March and lower debt in high interest markets. As previously explained, an increase in other financial income will reflect the increase in the surplus of its defined benefit pension schemes between the 2017- and 2018- year ends.
RNS Number: 5804 L Associated British Foods PLC 09 September 2019 9 September 2019. Net interest expense will be lower than last year following the maturity of $310 m of private placement senior notes in March and lower debt in high interest markets. Two thirds of the group's operating profit are earned outside the UK and the weakening of sterling against our...
RNS Number: 0906 L Associated British Foods PLC 03 September 2019 3 rd September 2019. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7992 H Associated British Foods PLC 02 August 2019 2 AUGUST 2019. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7842 G Associated British Foods PLC 25 July 2019. Associated British Foods plc notes that Dr Wolfhart Hauser, an independent non-executive director of the Company, retired from the board of FirstGroup plc at the conclusion of the Annual General Meeting of FirstGroup plc held on 25 July 2019.. RNS is approved by the Financial Conduct Authority to act as...
RNS Number: 3666 F Associated British Foods PLC 12 July 2019 12 JULY 2019. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3663 F Associated British Foods PLC 12 July 2019 12 JULY 2019. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Associated British Foods has announced a 2% increase in revenues from continuing businesses in the 40 weeks to June 22. Total sales were up 3% at constant currency rates, with revenues up 4% at its Primark retail business. Much of Primark’s growth was due to new store openings, with like-for-like UK sales held back by “unseasonable weather" in May, before an improvement this month. Grocery revenues rose 1% in the third quarter and were 5% higher at ABF’s ingredients business, while a decline in the sugar business was halted as it benefited from higher sales at South African business Illovo.
Associated British Foods Plc (ABF.L) Announced, in its trading update, that group revenue from continuing businesses for the 40 weeks ended 22 June 2019 was 3% ahead of the same period last year at constant currency and 2% at actual exchange rates. Excluding sugar, sales growth from continuing businesses was 4% ahead at both constant currency and at actual exchange rates. Full year outlook for the group is unchanged, with adjusted earnings per share expected to be in line with last year.
RNS Number: 4108 E Associated British Foods PLC 04 July 2019 4 July 2019. Associated British Foods plc today issues a trading update for the 40 weeks to 22 June 2019 which summarises the significant trading developments since the last market update.. Group revenue from continuing businesses for the 40 weeks ended 22 June 2019 was 3% ahead of the same period last...
Retailer Primark’s owner, Associated British Foods, has reported that the fashion retailer has bucked the gloom on the high street with a 25% increase in interim adjusted operating profits from £341m to £426m. Primark’s revenues increased by 4% to £3.63bn, driven by additional retail selling space. Operating margins rose from 9.8% to 11.7%. Associated British Food’s sugar business saw profits plummet from £106m to £1m, due to falling European Union sugar prices. Statutory pre-tax profits fell by 15% to £515m following £79m of exceptional items. These exceptional items comprised a £65m non-cash impairment at Allied Bakeries and a £14m pension service cost.
Ian Pollard discusses AB Foods #ABF & Primark plus Centamin #CEY Biome Technologies #BIOM & boohoo #BOO
Associated British Foods Plc (ABF.L) Announced, in its interim results for the 24 weeks ended 02 March 2019, that revenues rose to £7.5 billion from £7.4 billion posted in the same period preceding year. The company’s profit before tax stood at £515 million, compared to a profit of £603 million reported in the previous year. The basic and diluted earnings per share stood at 49.2p, compared to earnings of 60.9p reported in the previous year. The Board has declared an interim dividend of 12.05p per share.
RNS Number: 8611 W Associated British Foods PLC 24 April 2019 24 April 2019. Further to the announcement released earlier today by Associated British Foods plc of its interim results for the 24 weeks ended 2 March 2019, the Company confirms that an interim dividend of 12.05 pence per share will be paid on 5 July 2019 to shareholders on the Company's register of...
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Company Profile

Associated British Foods is the Weston family's UK arm. The Westons still own over 50% and through their careful husbandry it now owns a raft of the UK's best-known brand names including Twinings tea, Ovaltine, Primark and British Sugar.

Classification

Market Indices-

Locations

HQ
Weston Centre
10 Grosvenor Street
London
W1K 4QY
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