Associated British Foods (ABF)

Sector:

Food

Index:

FTSE 100

2,688.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 2,731.00
  • 52 Week Low: 1,825.50
  • Currency: UK Pounds
  • Shares Issued: 752.16m
  • Volume: 44,011
  • Market Cap: £20,218m
  • RiskGrade: 161

Primark to axe 400 manager roles

By Abigail Townsend

Date: Friday 21 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Fashion retailer Primark is to axe 400 UK roles as it looks to simplify its management structure.
Primark's owner, Associated British Foods, said the move would provide "clearer accountability, greater flexibility and more management support on the shop floor". Primark currently employs around 29,000 staff in 191 UK stores.

Consultations with staff will now get under way, and are expected to continue for the next couple of months.

Primark's UK like-for-like sales fell 10% in the 16 weeks to 8 January compared to the same period two years previously, after footfall was hit by the Omicron variant. The retail chain does not sell its goods online.

Including its European and US stores, total sales for the fourth quarter were ahead 36% year-on-year at £2.67bn on a constant currency basis.

Shares in AB Foods, which also owns a range of brands including Kingsmill, Silver Spoon, Blue Dragon and Twinings, were largely flat as at 1115 GMT, at 2,052.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Associated British Foods Market Data

Currency UK Pounds
Share Price 2,688.00p
Change Today 2.00p
% Change 0.07 %
52 Week High 2,731.00
52 Week Low 1,825.50
Volume 44,011
Shares Issued 752.16m
Market Cap £20,218m
RiskGrade 161

Associated British Foods Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.15% below the market average81.15% below the market average81.15% below the market average81.15% below the market average81.15% below the market average
61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average
Price Trend
91.16% above the market average91.16% above the market average91.16% above the market average91.16% above the market average91.16% above the market average
92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average
Income
53.44% below the market average53.44% below the market average53.44% below the market average53.44% below the market average53.44% below the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average
Growth
41.60% above the market average41.60% above the market average41.60% above the market average41.60% above the market average41.60% above the market average
76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average

What The Brokers Say

Strong Buy 2
Buy 4
Neutral 12
Sell 0
Strong Sell 0
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Associated British Foods Dividends

  Latest Previous
  Interim Final
Ex-Div 30-May-24 14-Dec-23
Paid 05-Jul-24 12-Jan-24
Amount 20.70p 33.10p

Trades for 26-Apr-2024

Time Volume / Share Price
09:13 18 @ 2,688.16p
09:12 63 @ 2,688.00p
09:11 84 @ 2,688.00p
09:11 591 @ 2,688.00p
09:11 111 @ 2,688.00p

Associated British Foods Key Personnel

CEO George G Weston
Chair Michael McLintock
Finance Director Eoin Tonge

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