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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 28.00 | 1.06% | 2,671.00 | 2,671.00 | 2,672.00 | 2,674.00 | 2,636.00 | 2,656.00 | 1,558,984 | 16:29:53 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Textile Goods, Nec | 19.75B | 1.04B | 1.3790 | 19.37 | 20.22B |
From May 2019 to May 2024
By Sara Sjolin, MarketWatch
Tullow Oil climbs 2.8% after trading update
LONDON (MarketWatch) -- Oil and mining majors moved firmly higher in the U.K. on Thursday, pushing the benchmark index comfortably into positive territory.
The FTSE 100 index jumped 1.2% to 6,461.65 in early trade, rebounding from a 2.4% selloff on Wednesday that marked the worst daily performance in a month. The weakness in Wednesday's trade was spurred by a plunge in copper prices(HGH5) -- seen as a gauge of economic demand -- after the World Bank cut its global growth forecast for 2015.
On Thursday, copper reclaimed some lost territory and rallied 2.7% to $2.57 a pound, helping lift London-listed mining firms. Shares of BHP Billiton PLC (BHP) rose 2.8%, Glencore PLC (GLCNF) added 1.6%, and Anglo American PLC picked up 1.6%.
Oil issues were also putting in solid performances, led by Tullow Oil PLC . Its shares gained 2.8% after the company said it will cut its exploration budget.
BP PLC (BP) rose 2.1%. The Financial Times reported that the oil giant will announce a plan later on Thursday to cut jobs at its North Sea business. A spokeswoman from BP declined to comment on the job cuts, but said they are speaking to staff in the North Sea Thursday morning about how to make the business more competitive. A statement is expected later in the day.
"We're definitely here for the long term. This is just another illustration of the wider story of what people are doing to get their businesses competitive," she said.
Royal Dutch Shell PLC (RDSB) added 1.3%, while BG Group PLC climbed 2.5%.
In other industries, Experian PLC jumped 3.3% after the provider of consumer-credit checking services said it is confident it can return to top-line growth for the full fiscal year.
Associated British Foods PLC gained 2.2%. The owner of the Primark clothing chain and Twinings Tea brand said currency-adjusted revenue rose 3% for the 16 weeks to Jan.
Outside the main index in London, shares of Home Retail Group PLC slumped 6.1% after a trading update.
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1 Year Associated British Foods Chart |
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