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Associated British Foods ( (GB:ABF) ) has shared an announcement.
Associated British Foods plc announced the repurchase and cancellation of 223,000 of its ordinary shares through transactions conducted with UBS AG London Branch. This move is part of a previously announced share repurchase program, aimed at optimizing the capital structure and enhancing shareholder value. The impact of this buyback is expected to strengthen the company’s financial position by reducing the number of shares in circulation, potentially increasing earnings per share and providing a signal of confidence in the company’s future prospects.
More about Associated British Foods
Associated British Foods plc is a diversified international food, ingredients, and retail group, with operations spanning various sectors including grocery, sugar, agriculture, and ingredients. It is also known for its retail division, which includes the popular Primark stores.
YTD Price Performance: -2.91%
Average Trading Volume: 1,224,309
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £14.17B
Learn more about ABF stock on TipRanks’ Stock Analysis page.
