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Associated British Foods Plc

Associated British Foods confirmed on Thursday that like-for-like sales at Primark fell 2.7% in the 16 weeks to 3 January, while group revenue was steady.

AB Foods confirms LFL sales decline at Primark

Associated British Foods cuts its profit outlook on Thursday due to weaker performances at its Primark retail chain and US foods operations, sending shares in the conglomerate more than 11% lower.

AB Foods shares tank on profit warning as Primark, food sales disappoint

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London's FTSE 100 was down 0.7% at 9,681.5 in afternoon trade on Tuesday.

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Associated British Foods is mulling a split of its Primark and food businesses under a review of its group structure currently underway in consultation with its biggest investor Wittington Investments, which remains committed to maintaining majority ownership of both businesses.

AB Foods mulls split of Primark, food businesses

Shore Capital has kept a 'buy' rating on Associated British Foods despite a "mellow" trading update from the food and retail company last week, saying that it still sees upside following a disappointing run in the shares so far this year.

Shore Capital still sees upside at AB Foods despite recent woes

The Competition and Markets Authority said on Thursday that it was seeking views on Associated British Foods' planned acquisition of Hovis.

CMA seeking views on AB Foods' acquisition of Hovis

Shares in Associated British Foods tanked on Wednesday after the retail and foods conglomerate reported a mixed trading update - something which may cause the stock to "tread water for a while", according to Shore Capital.

AB Foods to 'tread water' but long-term optimism remains, says Shore Capital

Associated British Foods reported a weaker performance in its sugar division and muted growth at Primark on Wednesday, overshadowing otherwise resilient trading across the board.

AB Foods shares slide as Primark and sugar weigh on outlook

Shore Capital has reiterated a 'buy' rating for retail and food conglomerate Associated British Foods, praising the company's recent actions to deal with underperforming parts of the business.

Shore Capital praises AB Foods' actions to turn business around

Kingsmill owner Associated British Foods said on Friday that it has agreed to buy Hovis Group from private equity firm Endless for an undisclosed sum.

Kingsmill owner AB Foods to buy Hovis from PE firm Endless

Panmure Liberum upgraded Associated British Foods on Monday to 'buy' from 'hold' and hiked the price target to 2,600p from 1,900p as it said the market underestimates the pace of recovery of Sugar profits.

Panmure Liberum ups AB Foods to 'buy', shares spark

Associated British Foods said it would close its bioethanol business unless the British government was able to provide short term funding for its losses as a result of the US-UK trade deal.

AB Foods 'to close' bioethanol plant unless UK govt covers losses

Shore Capital has returned Associated British Foods to a 'buy' rating after a period of review, applauding the company for tacking action to improve problem areas within the business.

Shore Capital returns AB Foods to 'buy' despite H1 disappointment

RBC Capital Markets downgraded Primark owner Associated British Foods on Wednesday to 'sector perform' from 'outperform'.

Associated British Foods Plc

Latest Coverage

AB Foods confirms LFL sales decline at Primark

AB Foods shares tank on profit warning as Primark, food sales disappoint

FTSE 100 movers: Defence firms under the cosh; easyJet flies higher

AB Foods mulls split of Primark, food businesses

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