An announcement from Associated British Foods ( (GB:ABF) ) is now available.
Associated British Foods plc announced the repurchase and cancellation of 110,000 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s strategic focus on optimizing its capital structure and potentially enhancing shareholder value.
More about Associated British Foods
Associated British Foods plc is a diversified international food, ingredients, and retail group. The company operates in various sectors including sugar, agriculture, grocery, and ingredients, with a significant presence in the retail market through its Primark brand.
YTD Price Performance: -6.73%
Average Trading Volume: 1,242,233
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £13.74B
Learn more about ABF stock on TipRanks’ Stock Analysis page.