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The latest update is out from Associated British Foods ( (GB:ABF) ).
Associated British Foods plc announced the repurchase and cancellation of 49,419 of its ordinary shares as part of its share repurchase program, with the shares purchased from UBS AG London Branch. This move, conducted on the London Stock Exchange, reflects the company’s ongoing efforts to manage its capital structure and may impact shareholder value by reducing the number of shares in circulation.
More about Associated British Foods
Associated British Foods plc is a diversified group operating in the food, ingredients, and retail sectors. It provides products such as sugar, groceries, agriculture, and ingredients and is known for its retail division Primark.
YTD Price Performance: -9.95%
Average Trading Volume: 1,182,104
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £14.92B
For a thorough assessment of ABF stock, go to TipRanks’ Stock Analysis page.
