Associated British Foods (ABF)

Sector:

Food

Index:

FTSE 100

2,498.00p
   
  • Change Today:
    -16.00p
  • 52 Week High: 2,514.00
  • 52 Week Low: 1,825.50
  • Currency: UK Pounds
  • Shares Issued: 753.51m
  • Volume: 742,766
  • Market Cap: £18,823m
  • RiskGrade: 161

Sunday newspaper round-up: Freeports, UK equities, Trump

By Alexander Bueso

Date: Sunday 12 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Taxes and red tape will be slashed in towns and cities across the country next year, under government plans for a post-Brexit and post-coronavirus ­economic revolution. Rishi Sunak, the Chancellor, is preparing to introduce sweeping tax cuts and an overhaul of planning laws in up to 10 new "freeports" within a year of the UK becoming fully independent from the European Union in December, The Telegraph can reveal. - Sunday Telegraph
Investors who have flown the Union Flag over their portfolios this year have endured some stomach-churning turbulence as the UK stock market has fallen sharply and then recovered quickly. But some leading experts argue it will pay investors to hold tight. Among them is Nick Train, of investment house Lindsell Train, one of the country's leading fund managers. He strongly supports the view that the future for UK equities is a rosy one. - Mail on Sunday

Donald Trump appears to have yielded to public health concerns over the coronavirus by finally wearing a mask in public, despite months of insisting that it was not necessary. The US president was pictured yesterday in a dark face covering with the presidential seal as he paid a visit to wounded soldiers at the Walter Reed military hospital outside Washington. - Sunday Times

Wearing face coverings in shops will not become mandatory in England, Michael Gove has suggested, sparking confusion over plans to stem the spread of coronavirus as the country emerges from lockdown. On Friday the prime minister indicated he was considering making masks compulsory in shops and other enclosed spaces, but Gove, the chancellor of the Duchy of Lancaster, said instead that people could use their common sense. - Guardian

Primark is set to reject a £30m bonus payment unveiled by the chancellor last week, a decision that piles pressure on other big companies not to cash in at taxpayers' expense. The high-street clothing giant has said it will not claim the £1,000 Treasury handout for every worker it brings back from furlough. - Sunday Times

Boris Johnson is under mounting pressure to strip British Airways of prized airport landing slots over its 'fire and rehire' jobs plan. More than 100 MPs from across political parties have urged the Prime Minister to review BA's right to slots at airports such as Heathrow as it embarks on a huge restructuring that will axe 12,000 staff. The airline is struggling after flights around the world were grounded for several months and travel is only just starting to pick up again. - Mail on Sunday

The rail industry is bracing for full nationalisation as private forecasts show passenger numbers will not return to pre-pandemic levels for at least five years. The predictions, circulated among train operators last week, make it almost impossible for the railways to remain in private hands without continued significant taxpayer support. - Sunday Telegraph

The chairman of JD Wetherspoon, Tim Martin, sold £5million of shares in his pub chain days after the Government announced its £4billion boost for firms in the hospitality sector. The 65-year-old sold 510,725 shares at a price of £9.84 per share, according to a statement released on Friday evening after the stock market had closed for the weekend. The sale reduces his stake in the FTSE250 pub chain he founded in 1979 to 27.4 per cent. - Mail on Sunday

Ted Baker is facing a revolt over a contentious plan to ramp up executive pay as it fights for survival. Influential advisory group ISS has recommended that investors vote down the retailer's remuneration policy at its annual meeting next week, claiming the board's decision to boost executive salaries and bonuses is unjustified. - Sunday Times

Virgin Atlantic is set to announce a £1bn rescue deal to prop up the struggling airline - without an injection of taxpayers' money. The transatlantic airline, founded 36 years ago by Sir Richard Branson, is finalising a deal to release tens of millions of pounds in credit-card cash that was being withheld. Last night, Sky News reported that Virgin was racing to resolve a demand for collateral from card merchant First Data. A solution would pave the way for American hedge fund Davidson Kempner Capital Management to pump almost £200m of debt into the airline. - Sunday Times



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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 2,498.00p
Change Today -16.00p
% Change -0.64 %
52 Week High 2,514.00
52 Week Low 1,825.50
Volume 742,766
Shares Issued 753.51m
Market Cap £18,823m
RiskGrade 161

Associated British Foods Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.39% below the market average76.39% below the market average76.39% below the market average76.39% below the market average76.39% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Price Trend
86.74% above the market average86.74% above the market average86.74% above the market average86.74% above the market average86.74% above the market average
85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average
Income
47.22% below the market average47.22% below the market average47.22% below the market average47.22% below the market average47.22% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average
Growth
36.60% above the market average36.60% above the market average36.60% above the market average36.60% above the market average36.60% above the market average
76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 4
Neutral 12
Sell 1
Strong Sell 0
Total 19
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
  Final Special
Ex-Div 14-Dec-23 14-Dec-23
Paid 12-Jan-24 12-Jan-24
Amount 33.10p 12.70p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 6 @ 2,498.00p
16:35 409,113 @ 2,498.00p
16:35 52 @ 2,498.00p
16:35 673 @ 2,498.00p
16:35 576 @ 2,498.00p

Associated British Foods Key Personnel

CEO George G Weston
Chair Michael McLintock
Finance Director Eoin Tonge

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