AB Foods Slumps as Primark Owner Bemoans Challenging Environment

AB Foods Slumps as Primark Owner Bemoans Challenging Environment

Associated British Foods Plc shares slumped after the British conglomerate reported falling sales at its Primark budget fashion chain and gave a muted outlook for the sugar division next year.

Does a falling Associated British Foods share price signal an incoming recession?

The Associated British Foods (LSE: ABF) share price fell 10% in early trading today (10 September) after it released a key trading update, ahead of full-year results later in the year. The FTSE 100 firm owns a motley collection of businesses across retail and grocery. I view the health of the company as a bellwether for the wider UK economy. So, could it be signalling that tough times are ahead? Primark Accounting for 50% of the group’s revenu…

Associated British Foods shares sink as Primark growth splutters amid 'weaker consumer environment'

Associated British Foods has delivered a mixed trading performance in the second half of its financial year, with strong growth in the US offsetting weaker European markets. Primark numbers used to be highly anticipated and could seriously move the dial for AB Foods shares. However, in recent years, growth has started to splutter, and it’s […] The post Associated British Foods shares sink as Primark growth splutters amid ‘weaker consumer environ…