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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Associated British Foods Plc | LSE:ABF | London | Ordinary Share | GB0006731235 | ORD 5 15/22P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 246.00 | 9.82% | 2,752.00 | 2,751.00 | 2,753.00 | 2,765.00 | 2,650.00 | 2,650.00 | 753,975 | 14:02:36 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Textile Goods, Nec | 19.75B | 1.04B | 1.3790 | 19.91 | 20.78B |
From Apr 2019 to Apr 2024
By Adam Clark
Associated British Foods PLC (ABF.LN) said Friday that it is reiterating its outlook for financial 2018 and expects progress in adjusted operating profit and adjusted earnings per share, as previously guided.
The food-and-retail company said the expansion of budget-clothing retailer Primark's selling space will continue. It has already opened five new stores since the end of its financial year on Sept. 16, it added. AB Foods said its Primark margins are in line with the prior financial year and that it expects an increase in retail profit.
AB Foods said it also expects progress from its grocery, agriculture and ingredients units. However, the company said that higher volumes and lower costs in its sugar business will only partially mitigate the effect of lower selling prices in the European Union.
It added that it expects no material effect on profit from currency exchange at current rates.
Shares are up 23 pence, or 0.8%, to 2,875 pence at 1115 GMT.
Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones
(END) Dow Jones Newswires
December 08, 2017 06:41 ET (11:41 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Associated British Foods Chart |
1 Month Associated British Foods Chart |
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