Associated British Foods Share Discussion Threads

[philanderer] 16/4/2015 20:25

and another :-)

'New Primark store to open at Fort Shopping Centre in Birmingham'

[philanderer] 16/4/2015 09:19

Reiterations this morning..

16th april Credit Suisse outperform tp 3250p

16th april Liberum buy tp 3600p ( added to 'conviction buy' list)

16th april Shorecap hold

[philanderer] 15/4/2015 17:06

Added a few at 2955p this afternoon... interims next tuesday.

3000p seems to be the ceiling at the moment

[philanderer] 15/4/2015 13:06

Primark replacing BHS at Fosse Park






Omagh to host jobs event ahead of big Primark opening

[philanderer] 14/4/2015 09:27

Jefferies cuts target from 2900p to 2850p

[philanderer] 13/4/2015 08:56

13th april Deutsche hold tp 3000p
13th april Liberum buy tp 3600p

reiterations.

[philanderer] 12/4/2015 23:42

Primark to open Flintshire store

[philanderer] 10/4/2015 12:47

'Primark opening in La Canada Marbella has big problems'


Opening of clothing chain Primark in the shopping center La Canada in Marbella hangs in the air because of lack of building permits.

No fewer than 200 jobs are at risk, after Marbella municipal leaders ordered to stop the renovation of the premises in the shopping center La Canada. It has refused planning permission on the grounds that the shopping center La Cañada has reached its maximum surface.

The clothing chain Primark signed last year an agreement with the management of the shopping center La Cañada to open its third store in Málaga province, in an area of 6.500 square meters, if they do not reach a solution to the building block, the project can then be wound down. Property Marbella, the clothing chain Primark is already in Malaga and Fuengirola.

[philanderer] 09/4/2015 16:38

Associated British Foods : *LIBERUM RAISES AB FOODS PRICE TARGET TO 3600 PENCE - 'BUY'

[philanderer] 09/4/2015 13:09

Market ignoring this one today...

9th april Canaccord sell tp 2650p

reiterates.

[philanderer] 08/4/2015 12:45

'Primark considers its website to be a showroom'

[philanderer] 08/4/2015 09:09

Bit of a spike up there ! :-)

[philanderer] 08/4/2015 08:49

Associated British Foods plc (LON:ABF)‘s stock had its “outperform221; rating restated by equities research analysts at RBC Capital in a research note issued to investors on Tuesday. They currently have a 3500p pice target

[philanderer] 30/3/2015 17:08

170 jobs created at multi-million pound Primark shopping development in Walsall

[philanderer] 30/3/2015 09:11

30th march Liberum buy tp 3500p

reiterates

[philanderer] 27/3/2015 20:33

Reading Primark poised to take BHS Broad Street store

[philanderer] 27/3/2015 16:59

Well what a poor week, -6.5% and downtrend fully back in place :-(

[gateside] 25/3/2015 23:59

Twinnings Tea have overtaken Tetley tea to be the 2nd biggest seller of tea in the UK... Just PG Tips left to overtake now!

[philanderer] 24/3/2015 17:36

Associated British Foods drops 2.6% after Credit Suisse cuts forecasts


Shares in Primark owner Associated British Foods tripped lower on Tuesday after Swiss bank Credit Suisse lowered its earnings forecasts for the company citing euro weakness.

Although the bank retained it's 'outperform' rating and price target of 3,250p on the stock, the ongoing weakness of the euro currency as the European Central Bank launches its stimulus programme meant AB Foods' earnings forecasts were up for the chop by 3% this year and 8% next year.

"AB Foods doesn't usually feature in our regular FX updates on the sector, but given the severity of the euro's demise it should. For ABF the impacts are more transactional than translational," said the bank.

It noted that its Primark largely sources in US dollar, but increasingly has a euro revenue exposure.

"Nothing new in this, and we already had anticipated an 110bps margin decline. The last time (2009) the US dollar rose 25-30% against the British pound, Primark's margins fell 160 basis points and this now forms the basis of our 2015/16 forecast," said Credit Suisse.

In the sugar business, Credit Suisse said the group's costs are in pounds but selling contracts are in euro.

"Though the beet price is set to fall in the new year the revenue line (in sterling) will be softer too unless euro prices rise (which at this stage isn't in our expectations)," added the Swiss Bank.

[philanderer] 24/3/2015 14:35

Work To Re-Start On Lancaster Primark Store As New Contractor Is Appointed

[philanderer] 24/3/2015 13:29

Associated British Foods, which owns Primark, fell 76p to 2933.5p as Credit Suisse cut its earnings forecasts.




reiterates it`s recommendation though....

24th march Credit Suisse 'outperform' tp 3250p

[philanderer] 24/3/2015 11:51

'Development will breathe new life into Sheffield city centre'

...It will house a flagship Primark, four other retailers, restaurants and the nine-screen picture house – following on from the relocation of the market, stores opening and upgrade of the street’s appearance...

[philanderer] 24/3/2015 09:19

Bread thing this morning, supermarket price war.

Tesco cancelled Kingsmill contract last week as well

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Credit Suisse Group AG reissued their outperform rating on shares of Associated British Foods plc (LON:ABF) in a research report released on Tuesday morning. Credit Suisse Group AG currently has a 3250p price objective on the stock.