Associated British Foods Stock News

The U.K. conglomerate booked full fiscal year revenue of $26.25 billion, with its retail business posting sales growth of 2%.

Primark-owner forecasts further profit decline as sugar losses deepen

Associated British Foods says spinning off its budget fashion arm Primark in the FTSE 100's largest ever retail demerger will sharpen management focus and improve governance.

Deutsche Bank and Panmure Liberum have both cut their target prices for Associated British Foods PLC (LSE:ABF), the Primark owner, after the group issued weaker-than-expected guidance for the year ahead. Deutsche Bank reduced its target price to 1,790p from 1,850p, maintaining its 'hold' rating.

Shares in Associated British Foods (LON: ABF) fell more than 11% on Thursday after the owner of Primark warned of weaker like-for-like sales at the fashion retailer and said losses at its Sugar business are likely to come in toward the upper end of its previous guidance. The update raised fresh concerns over the pace of Primark's recovery and the near-term profitability of AB Foods, despite the...

Associated British Foods said contract provisions due to low European sugar prices weighed on profitability for the unit.

Associated British Foods PLC (LSE:ABF) has upgraded its earnings expectations for 2026 as Primark prepares to introduce home delivery across Great Britain. The FTSE 100 group expects adjusted operating profit for the year ending 12 September to be broadly in line with previous guidance, while adjusted earnings per share is now forecast to come in ahead of expectations.