Associated British Foods (ABF)

Sector:

Food

Index:

FTSE 100

2,169.00p
   
  • Change Today:
      13.00p
  • 52 Week High: 2,738.00
  • 52 Week Low: 2,130.00
  • Currency: UK Pounds
  • Shares Issued: 738.63m
  • Volume: 272,013
  • Market Cap: £16,021m
  • RiskGrade: 161
  • Beta: 0.95

AB Foods slumps as majority shareholder sells 10.3m shares

By Michele Maatouk

Date: Friday 31 May 2024

LONDON (ShareCast) - (Sharecast News) - Associated British Foods was in the red on Friday after UBS said that its biggest shareholder, Howard Investments Limited - a wholly-owned subsidiary of Wittington - has sold 10.3m shares in the Primark owner in a placing.
The shares were sold to institutional investors by way of an accelerated bookbuild process at 2,550p each, raising gross proceeds of approximately £262m. UBS acted as bookrunner in connection with the lacing.

Following completion of the placing, Howard and Whittington will retain a 56.1% stake.

"Once the remainder of the £500 million share buyback programme announced by ABF with its last full year results in November 2023 has completed, the combined shareholding is expected to be broadly in line with its level prior to the commencement of the FY24 Buyback, which was 56.4%," it said.

At 0900 BST, the shares were down 2.9% at 2,582p.

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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 2,169.00p
Change Today 13.00p
% Change 0.60 %
52 Week High 2,738.00
52 Week Low 2,130.00
Volume 272,013
Shares Issued 738.63m
Market Cap £16,021m
Beta 0.95
RiskGrade 161

Associated British Foods Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.46% below the market average24.46% below the market average24.46% below the market average24.46% below the market average24.46% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
3.98% below the market average3.98% below the market average3.98% below the market average3.98% below the market average3.98% below the market average
Sector averageSector averageSector averageSector averageSector average
Income
24.12% above the market average24.12% above the market average24.12% above the market average24.12% above the market average24.12% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
57.72% above the market average57.72% above the market average57.72% above the market average57.72% above the market average57.72% above the market average
92.59% above the sector average92.59% above the sector average92.59% above the sector average92.59% above the sector average92.59% 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
  Final Special
Ex-Div 12-Dec-24 12-Dec-24
Paid 10-Jan-25 10-Jan-25
Amount 42.30p 27.00p

Trades for 21-Nov-2024

Time Volume / Share Price
15:52 500 @ 2,169.00p
15:50 200 @ 2,167.79p
15:50 160 @ 2,168.00p
15:50 13 @ 2,167.30p
15:49 101 @ 2,168.00p

Associated British Foods Key Personnel

CEO George G Weston
Chair Michael McLintock
Finance Director Eoin Tonge

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