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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 Rory Gallivan
LONDON--Shares in ingredients group Real Good Food PLC (RGD.LN) slid after it said full-year adjusted profit will miss expectations due to falling sugar prices, and that it is in discussions about its Whitworths sugar business.
The company on Wednesday said its Whitworths sugar business Napier Brown and its Garrett Ingredients unit have been hurt by lower prices for the sweetener, though the rest of the group is performing well.
Real Good Food, which also makes baking products and supplies cakes to retailers including Marks & Spencer Group PLC (MKS.LN), said "it is in discussions with several parties in relation to a potential transaction involving Napier Brown."
Chairman Pieter Totte said there are signs that sugar prices have reached their low point and will recover over the next two years.
Real Good Food's much larger peers Tate & Lyle PLC (TATE.LN) and Associated British Foods PLC (ABF.LN), the owner of the Silver Spoon sugar brand, both said in November that lower sugar prices have held back profit.
Shares at 0757 GMT were down 7 pence, or 16.7%, at 35 pence, valuing the company at GBP24.4 million ($36.3 million).
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Associated British Foods Chart |
1 Month Associated British Foods Chart |
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