|Bid||2,274.00 x 48700|
|Ask||2,286.00 x 26800|
|Day's Range||2,204.00 - 2,287.38|
|52 Week Range||2,186.00 - 3,387.00|
|PE Ratio (TTM)||17.31|
|Earnings Date||Nov 6, 2018|
|Forward Dividend & Yield||0.41 (1.85%)|
|1y Target Est||2,923.21|
Boohoo (BOOH.L), the fast-growing British online fashion retailer, has appointed a Primark executive as its new CEO to drive the brand's global expansion, on a pay package that could earn him almost 58 million pounds in five years. In a move that will see the company's co-founders step back from the day-today running of the business, Boohoo said John Lyttle, currently chief operating officer at Associated British Foods' (ABF.L) Primark business, will start in March next year. Lyttle, who has also worked for Matalan and Philip Green's Arcadia group, oversaw a rise in turnover at Primark to 7.1 billion pounds in 2017 from 2.7 billion pounds in 2010.
MILAN/LONDON (Reuters) - European shares climbed on Monday thanks to a relief rally in Italian stocks and banks after comments from Italy's finance minister eased concerns about his government's spending plans. The export-oriented DAX (.GDAXI) rose 0.2 percent and Italy's FTSE MIB (.FTMIB) jumped 2.3 percent - its biggest gain in three months. Late on Friday, Trump warned he was ready to impose tariffs on virtually all Chinese imports, threatening duties on another $267 billion of goods on top of $200 billion worth set for levies in coming days.
Britain's top share index gave up early gains on Monday after the pound rose sharply on comments by the European Union's Brexit negotiator, while mid-cap packaging company RPC surged on news of takeover talks with private equity firms. The FTSE-100 (.FTSE), which is dominated by international exporters, tends to fall when sterling firms and vice versa. The pound hit five-week highs after the EU's Brexit negotiator Michel Barnier told a forum in Slovenia that a divorce deal with Britain could be agreed in six to eight weeks if negotiators were realistic in their demands.
Uncertainty over Brexit and its impact on the pound is making it hard to predict the future profitability of Primark, the owner of the discount fashion chain warned on Monday. Shares in the group, majority owned by the family of Chief Executive George Weston, fell as much as 3.7 percent, taking losses for the year to over 20 percent. "The exchange rate if we have a negotiated outcome or a hard Brexit would be quite different," he said.
Shares of Associated British Foods Plc, owner of the Primark clothing chain, fell after the company predicted a decline in comparable sales at the retailer. Primark’s like-for-like sales will decline by 2 percent in the year ending Saturday, the company said Monday, citing Europe’s unusually hot summer weather. The apparel stores are expected to post gains overall, but that’s only because the company is opening new outlets.
In March 2018, Associated British Foods plc (LON:ABF) announced its earnings update. Overall, analyst consensus outlook appear cautiously subdued, as a 2.98% rise in profits is expected in the upcomingRead More...
The UK's top share index rose on Friday, shrugging off any worries over global trade after U.S. tariffs on Chinese goods took effect. The blue chip FTSE 100 (.FTSE) index was up 0.2 percent at 7,617.70 points at its close, while mid caps (.FTMC) were flat in percentage terms. The U.S. imposed tariffs on $34 billion in Chinese imports, with Beijing saying it had no choice but to respond in kind.
By Kit Rees LONDON (Reuters) - European shares gained a boost on Thursday as hopes of a softening in U.S. trade rhetoric lifted the car sector, though trading remained cautious ahead of a U.S. deadline ...
By Julien Ponthus LONDON (Reuters) - Signs of an easing in the trade dispute between the United States and the European Union helped push Britain's top share index up on Thursday with gains in basic materials ...
Peel Hunt has cut its revenue forecast for the group by about 25% on an underlying basis to reflect a softer near-term backdrop in the U.K. and Australia. may have launched its $1 billion share buy-back plan to show optimism in the face of challenges including a U.S. legal subpoena, says BMO Capital Markets. The miner and commodity trader said the program would include distribution of $460 million by August 7 and the rest in a second stage before the end of the year.
Britain's Associated British Foods (ABF.L) warned that lower European Union prices would hit profit in its sugar business, sending shares in the owner of the Primark fashion chain sharply lower on Thursday. AB Foods stuck to its overall forecast for "progress" in adjusted operating profit and adjusted earnings per share (EPS) for the year to September 2018, saying the sugar weakness would be offset by higher margins at Primark, which accounts for about half of its revenue and profit. Shares in AB Foods, which also owns major grocery, agriculture and ingredients businesses, fell as much as 5.7 percent, the biggest faller on Britain's FTSE 100 index.
European shares rose in early deals on Thursday as hopes over a softening in U.S. trade rhetoric lifted shares in car makers, though trading remained cautious ahead of a U.S. deadline to impose tariffs on Chinese goods. European stocks have traded in a narrow range this week in anticipation of U.S. tariffs on $34 billion of Chinese imports set to go into effect on Friday. German autos Daimler, Porsche and Volkswagen were among the biggest STOXX risers, up as much as 3.7 percent following a report about a U.S. offer to suspend threats to impose tariffs on cars imported from the European Union.
If you are interested in cashing in on Associated British Foods plc’s (LSE:ABF) upcoming dividend of £0.12 per share, you only have 9 days left to buy the shares beforeRead More...
Associated British Foods plc (LSE:ABF) trades with a trailing P/E of 19.9x, which is lower than the industry average of 21.7x. While ABF might seem like an attractive stock toRead More...
Defensive investment strategies are those that maintain holdings in safe assets, which include stocks that meet a certain criteria that avoids losses in market value. To do this successfully, thereRead More...
Understanding Associated British Foods plc’s (LSE:ABF) performance as a company requires examining more than earnings from one point in time. Today I will take you through a basic sense checkRead More...
LONDON (Reuters) - European shares rose on Tuesday to their highest since the end of February as sentiment on tensions between the U.S. and Russia eased and attention shifted to deal-making and first-quarter ...
European shares rose on Tuesday to their highest since the end of February as sentiment on tensions between the U.S. and Russia eased and attention shifted to deal-making and first-quarter earnings season. ...
The first Primark discount clothes stores in the United States are producing encouraging results, but owner Associated British Foods (ABF.L) needs to learn more about the market before considering a major roll-out, it said on Tuesday. Primark opened its first U.S. store in downtown Boston in 2015 and currently trades from eight stores. Analysts see Primark's expansion as the critical driver of AB Foods' prospects and consider the United States a potential game changer for the group.