Associated British Foods (GB:ABF)
LSE:ABF
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Associated British Foods
(LSE:ABF)
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Rating:69Neutral
Price Target:
1,972.00 p
▲(5.12% Upside)
Action:Downgraded
Date:12/19/25
Associated British Foods has a stable financial foundation with strong operational efficiency, but faces challenges in revenue growth and cash flow generation. The technical indicators show mixed signals, and the valuation is reasonable with a moderate dividend yield. The recent earnings call highlighted both strategic initiatives and ongoing challenges, particularly in the sugar segment and European markets. These factors collectively result in a moderate overall stock score.
Positive Factors
Diversified business mix
ABF’s portfolio spans value retail (Primark), grocery brands, sugar, agriculture and ingredients, which smooths earnings cyclicality. This multi-segment exposure lets the company offset weakness in one area with strength in others, supporting more stable medium-term cash flows.
Negative Factors
Weak cash conversion
A significant fall in free cash flow growth signals weaker conversion of earnings into investable cash, limiting flexibility for capex, buybacks and debt reduction. Persistently lower FCF constrains long-term reinvestment and heightens sensitivity to profit volatility across segments.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business mix
ABF’s portfolio spans value retail (Primark), grocery brands, sugar, agriculture and ingredients, which smooths earnings cyclicality. This multi-segment exposure lets the company offset weakness in one area with strength in others, supporting more stable medium-term cash flows.
Read all positive factors
Associated British Foods (ABF) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£12.56B
Dividend Yield2.98%
Average Volume (3M)1.02M
Price to Earnings (P/E)7.9
Beta (1Y)0.68
Revenue Growth-2.16%
EPS Growth-24.87%
CountryUK
Employees138,000
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)1.34
Shares Outstanding703,810,500
10 Day Avg. Volume628,749
30 Day Avg. Volume1,020,937
Financial Highlights & Ratios
PEG Ratio-0.58
Price to Book (P/B)1.43
Price to Sales (P/S)0.82
P/FCF Ratio13.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,622.33Price Target Upside-13.52% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering11
EPS Forecast (FY)1.57
Revenue Forecast (FY)£19.48B
Associated British Foods Business Overview & Revenue Model
Company Description
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery pro...
How the Company Makes Money
ABF makes money by selling products and services across multiple operating segments, with revenue primarily generated from (1) retail sales through Primark and (2) sales of food and ingredient products to retailers, foodservice customers, and othe...
Associated British Foods Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: clear operational progress at Primark (UK turnaround, digital traction, international roll-out) and continued investment and brand momentum in Foods, balanced against material near-term financial headwinds including an 18% drop in group adjusted operating profit, a revised full-year loss expectation for Sugar, Grocery profit declines and higher markdowns. The company emphasizes a strong balance sheet, active capital returns and multi-year transformation investments, but geopolitical cost pressures and recent consumer softening create uncertainty for the near term.Positive Updates
Group Revenue and Cash Flow Resilience
Group revenue of GBP 9.5bn (flat YoY at actual rates; -2% at constant currency) with free cash flow improving to GBP 71m (from GBP 27m prior year) aided by reduced Primark working capital and disciplined capital allocation.
Negative Updates
Group Profit and EPS Decline
Group adjusted operating profit down to GBP 691m, an 18% decline (constant currency) and adjusted EPS down 15%, reflecting weaker margins and lower profitability across key segments.
Read all updates
Q2-2026 Updates
Positive
Negative
Group Revenue and Cash Flow Resilience
Group revenue of GBP 9.5bn (flat YoY at actual rates; -2% at constant currency) with free cash flow improving to GBP 71m (from GBP 27m prior year) aided by reduced Primark working capital and disciplined capital allocation.
Read all positive updates
Company Guidance
Management reconfirmed 2026 guidance for the group (profit weighted to H2) with the exception of sugar: group H1 revenue was £9.5bn (flat; -2% at constant currency) and adjusted operating profit £691m (down 18% cc), adjusted EPS down c.15% (benefitting from £187m buybacks YTD and a planned £250m buyback for the year, £63m remaining); they expect adjusted operating profit and adjusted EPS for the full year to be below 2025. Primark guidance is unchanged with H1 sales £4.7bn (up 2%), like‑for‑like -2.7% (UK LFL +1.3%, Continental LFL -5.6%), H1 margin 10.1% and full‑year adjusted operating margin ~10%; store rollout contributed c.4% to growth, H1 opened 11 owned stores (38 in the US total), website traffic +37%, CRM +1m to >5m, and self‑checkout now in 250 stores. Grocery sales were £2.1bn with grocery profit down ~20% cc and grocery/ingredients guidance unchanged; Ingredients showed pockets of strong growth. Sugar H1 sales were down 9% with an adjusted operating loss of £27m and management now expects sugar to deliver an adjusted operating loss for the full year. CapEx was £534m in H1 (c.40% in Primark), full‑year CapEx c.£1.2bn; balance sheet/leverage: net debt including leases c.£3.0bn (H1 2025: c.£2.77bn), leverage 1.2x, total liquidity £2.2bn (committed facilities £1.8bn), free cash flow H1 £71m (vs £27m), and a pension surplus of £1.7bn; management said Middle‑East related cost impacts are manageable in 2026 given hedges but a sustained conflict could further dampen consumer spending.Associated British Foods Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
75
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.42B | 19.45B | 20.07B | 19.75B | 17.00B | 13.88B |
| Gross Profit | 1.46B | 4.70B | 1.84B | 1.34B | 3.78B | 3.13B |
| EBITDA | 2.39B | 2.43B | 2.56B | 2.02B | 1.87B | 1.48B |
| Net Income | 950.00M | 1.02B | 1.46B | 1.04B | 700.00M | 478.00M |
Balance Sheet | ||||||
| Total Assets | 19.63B | 19.29B | 19.01B | 18.84B | 19.77B | 16.89B |
| Cash, Cash Equivalents and Short-Term Investments | 712.00M | 1.06B | 1.66B | 1.46B | 2.13B | 2.31B |
| Total Debt | 3.74B | 3.69B | 3.68B | 3.72B | 3.89B | 3.69B |
| Total Liabilities | 8.01B | 8.11B | 7.74B | 7.65B | 8.22B | 6.89B |
| Stockholders Equity | 11.46B | 11.06B | 11.19B | 11.09B | 11.45B | 9.92B |
Cash Flow | ||||||
| Free Cash Flow | 1.18B | 1.15B | 1.79B | 614.00M | 380.00M | 742.00M |
| Operating Cash Flow | 2.25B | 2.25B | 2.87B | 1.69B | 1.15B | 1.37B |
| Investing Cash Flow | -1.12B | -878.00M | -1.33B | -1.06B | -854.00M | -656.00M |
| Financing Cash Flow | -1.16B | -1.65B | -1.57B | -1.16B | -563.00M | -373.00M |
Associated British Foods Technical Analysis
Neutral
1876.00
Price Trends
1893.49
Negative
1953.04
Negative
2037.87
Negative
Market Momentum
-2.86
Negative
50.77
Neutral
21.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ABF, the sentiment is Neutral. The current price of 1876 is above the 20-day moving average (MA) of 1853.68, below the 50-day MA of 1893.49, and below the 200-day MA of 2037.87, indicating a neutral trend. The MACD of -2.86 indicates Negative momentum. The RSI at 50.77 is Neutral, neither overbought nor oversold. The STOCH value of 21.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:ABF.
Associated British Foods Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £1.80B | 4.47 | 9.27% | 1.62% | 2.31% | 8.35% | |
78 Outperform | £2.79B | 8.36 | 14.71% | 2.06% | 6.96% | 28.47% | |
70 Outperform | £1.86B | 6.69 | 12.20% | 0.79% | 7.74% | 31.48% | |
69 Neutral | £12.56B | 7.89 | 8.44% | 2.98% | -2.16% | -24.87% | |
65 Neutral | £2.37B | 8.87 | 2.17% | 5.27% | 26.84% | -81.73% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
GB:ABF
Associated British Foods
1,794.50
-231.74
-11.44%
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Associated British Foods Corporate Events
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 500,000 Shares in Ongoing Buyback
Positive
May 13, 2026
Associated British Foods has repurchased 500,000 of its ordinary shares for cancellation as part of its ongoing share buyback programme authorised by shareholders. The shares were acquired on 13 May 2026 at an average price of about 1,769.57 pence...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 440,268 Shares After Latest Buyback
Positive
May 12, 2026
Associated British Foods said it has repurchased 440,268 ordinary shares on 12 May 2026 as part of its ongoing share buyback programme authorised by shareholders earlier this year. The shares, bought from Barclays Capital Securities at an average ...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 248,516 Shares in Ongoing Buyback
Positive
May 11, 2026
Associated British Foods has continued its shareholder capital management programme by repurchasing 248,516 ordinary shares on 11 May, at an average price of about 1,808.93 pence, and will cancel all of the stock bought back. The trades, executed ...
Stock Buyback
Associated British Foods Buys Back and Cancels Nearly 490,000 Shares
Positive
May 5, 2026
Associated British Foods has continued executing its share repurchase programme, buying back 489,546 ordinary shares on 5 May 2026 at an average price of 1,801.8942 pence, with trades executed across multiple venues including the London Stock Exch...
Business Operations and StrategyStock Buyback
Associated British Foods continues share buyback with latest £1,813-per-share repurchase
Positive
May 1, 2026
Associated British Foods has continued executing its shareholder-approved share repurchase programme, buying back 81,735 ordinary shares on 1 May 2026 at an average price of 1,813.19 pence. The shares were acquired via Barclays Capital Securities ...
Business Operations and StrategyStock Buyback
Associated British Foods Continues Share Buyback With Further Cancellation
Positive
Apr 30, 2026
Associated British Foods has continued executing its previously announced share repurchase programme, buying back 26,352 ordinary shares on 30 April 2026 at an average price of 1,828.4397 pence. The shares, acquired from Barclays Capital Securitie...
Regulatory Filings and Compliance
Associated British Foods Confirms Total Voting Rights and Share Capital
Neutral
Apr 30, 2026
Associated British Foods has confirmed that it has 705,596,916 ordinary shares of 5 15/22 pence each admitted to trading, with each share carrying one vote at general meetings. The company also stated that it holds no shares in treasury, clarifyin...
Stock Buyback
Associated British Foods Cancels Further Shares Under Ongoing Buyback
Positive
Apr 29, 2026
Associated British Foods has continued to execute its previously announced share repurchase programme, buying 34,492 ordinary shares on 29 April 2026 at a volume‑weighted average price of about 1,829.9 pence. The shares, acquired via multipl...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels New Tranche of Shares After April Buyback
Positive
Apr 28, 2026
Associated British Foods has repurchased 82,216 of its ordinary shares on 28 April 2026 under its ongoing share buyback authority, paying an average price of 1,826.2120 pence, with trades executed across the London Stock Exchange and multiple alte...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 217,488 Shares in Latest Buyback Tranche
Positive
Apr 27, 2026
Associated British Foods has repurchased 217,488 ordinary shares on 27 April 2026 under its ongoing share buyback authority, paying an average price of 1,823.94 pence per share across multiple trading venues. The company will cancel the shares, ma...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels Latest Tranche of Shares in Ongoing Buyback
Positive
Apr 24, 2026
Associated British Foods has repurchased 8,410 of its ordinary shares on 24 April 2026 under its ongoing share buyback programme, paying an average price of 1,839.1371 pence per share across multiple trading venues including the London Stock Excha...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 200,000 Shares in Ongoing Buyback Programme
Positive
Apr 23, 2026
Associated British Foods has continued execution of its share repurchase programme, buying back 200,000 ordinary shares on 23 April 2026 at an average price of 1,834.4530 pence, with the shares to be cancelled. The on-market purchases, executed vi...
Other
AB Foods Director Loraine Woodhouse Buys Shares on Market
Positive
Apr 23, 2026
Associated British Foods has disclosed that non-executive director Loraine Woodhouse acquired 1,074 ordinary shares in the company on 22 April 2026 through a market purchase on the London Stock Exchange. The transaction modestly increases insider ...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels New Tranche of Share Buybacks
Positive
Apr 22, 2026
Associated British Foods has continued its ongoing share repurchase programme, buying 63,516 ordinary shares on 22 April 2026 at an average price of about 1,847.53 pence per share. The shares were acquired from Barclays Capital Securities across m...
Business Operations and StrategyStock Buyback
Associated British Foods Buys Back 220,000 Shares for Cancellation
Positive
Apr 21, 2026
Associated British Foods has repurchased 220,000 of its ordinary shares on 21 April 2026 as part of its ongoing share buyback programme authorised by shareholders. The shares, bought at an average price of 1,831.6555 pence and executed through Bar...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing Changes
ABF to Spin Off Primark in FTSE 100 Demerger Creating Pure-Play FoodCo
Positive
Apr 21, 2026
Associated British Foods has decided to demerge its Primark retail arm from its FoodCo food operations, following an extensive strategic review conducted in consultation with its largest shareholder, Wittington Investments. The move will create tw...
Business Operations and StrategyDividendsFinancial Disclosures
Associated British Foods Sets Interim Dividend and Reinvestment Option
Positive
Apr 21, 2026
Associated British Foods has declared an interim dividend of 20.7 pence per ordinary share for the 24-week period to 28 February 2026, payable on 3 July 2026 to shareholders on the register at the close of business on 29 May 2026, with an ex-divid...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
AB Foods Profit Hit by Sugar and US Weakness as Primark Drives UK Gains
Negative
Apr 21, 2026
Associated British Foods reported flat first-half revenue at £9.47bn but an 18% fall in adjusted operating profit, as higher investment, weaker US demand and a sharp downturn in its Sugar division weighed on earnings, even as free cash flow i...
Stock Buyback
Associated British Foods Cancels 45,696 Shares in Latest Buyback Tranche
Positive
Apr 17, 2026
Associated British Foods has repurchased 45,696 of its ordinary shares at an average price of 1,843.33 pence per share as part of its ongoing share buyback programme authorised by shareholders. The shares, acquired via Barclays Capital Securities ...
Business Operations and StrategyStock Buyback
Associated British Foods Continues Buyback With Fresh £0.8m Share Purchase
Positive
Apr 16, 2026
Associated British Foods has continued to execute its previously announced share repurchase programme, buying 44,817 ordinary shares on 16 April for an average price of about 1,842 pence and instructing Barclays Capital Securities to conduct the t...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels New Tranche of Share Buybacks
Positive
Apr 15, 2026
Associated British Foods has continued to execute its previously announced share repurchase programme, buying 278,155 ordinary shares on 15 April 2026 at an average price of 1,842.6074 pence. The shares were acquired via Barclays Capital Securitie...
Stock Buyback
Associated British Foods Cancels 60,000 Shares in Latest Buyback Tranche
Positive
Apr 14, 2026
Associated British Foods has repurchased 60,000 of its ordinary shares on 14 April 2026 under its ongoing share buyback programme, paying an average price of 1,881.7406 pence per share and executing trades across venues including the London Stock ...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 250,000 Shares in Ongoing Buyback
Positive
Apr 13, 2026
Associated British Foods has executed another tranche of its ongoing share repurchase programme, buying 250,000 ordinary shares on 13 April 2026 at an average price of 1,871.7936 pence. The shares were acquired from Barclays Capital Securities acr...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 22,984 Shares in Ongoing Buyback
Positive
Apr 10, 2026
Associated British Foods has repurchased and will cancel 22,984 ordinary shares as part of its ongoing share buyback programme, using Barclays Capital Securities as counterparty across multiple trading venues. The purchases, executed on 10 April a...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 110,000 Shares in Ongoing Buyback
Positive
Apr 9, 2026
Associated British Foods has continued its share repurchase programme, buying back 110,000 ordinary shares on 9 April 2026 at an average price of 1,891.8147 pence per share. The shares, acquired via Barclays Capital Securities across multiple trad...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 80,000 Shares in Latest Buyback
Positive
Apr 7, 2026
Associated British Foods has repurchased 80,000 of its ordinary shares on 7 April 2026 as part of its ongoing share buyback programme authorised by shareholders. The shares, bought at an average price of about 1,876 pence and executed across multi...
Stock Buyback
Associated British Foods Cancels 70,000 Shares in Ongoing Buyback
Positive
Apr 2, 2026
Associated British Foods has repurchased 70,000 of its ordinary shares for cancellation as part of the share buyback authority approved by shareholders in February 2026. The shares were acquired on 2 April 2026 at an average price of 1,888.9002 pe...
Business Operations and StrategyStock Buyback
Associated British Foods advances buyback with latest £0.7m share purchase
Positive
Apr 1, 2026
Associated British Foods has continued its shareholder-approved share repurchase programme, buying back 37,907 ordinary shares on 1 April 2026 at a volume-weighted average price of about 1,883 pence. The shares were acquired via Barclays Capital S...
Regulatory Filings and Compliance
Associated British Foods Confirms Total Voting Rights and Share Capital
Neutral
Mar 31, 2026
Associated British Foods has confirmed that it has 707,395,262 ordinary shares admitted to trading, with each share carrying one vote at general meetings, and that it holds no shares in treasury. The disclosure, made under U.K. transparency rules,...
Business Operations and StrategyStock Buyback
Associated British Foods Continues Share Buyback With Further Share Cancellation
Positive
Mar 30, 2026
Associated British Foods has continued its share repurchase programme, buying 7,157 ordinary shares for cancellation on 30 March 2026. The purchases, executed by Barclays Capital Securities across multiple trading venues at an average price of abo...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels Further Shares Under Ongoing Buyback
Positive
Mar 27, 2026
Associated British Foods has continued its recently announced share repurchase programme, buying back 149,686 ordinary shares on 27 March at an average price of about 1,827.7 pence. The company intends to cancel the shares, with the transactions e...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels Nearly 80,000 Shares in Ongoing Buyback
Positive
Mar 26, 2026
Associated British Foods has repurchased 79,962 ordinary shares on 26 March 2026 as part of its previously announced share buyback programme, paying an average price of about 1,830 pence per share. The shares were acquired on multiple venues, incl...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels Further Shares Under Ongoing Buyback
Positive
Mar 23, 2026
Associated British Foods has continued its ongoing share buyback, repurchasing 149,521 ordinary shares on March 23, 2026 at an average price of 1,772.265 pence, with trades executed across venues including the London Stock Exchange, Cboe, Turquois...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 160,000 Shares in Ongoing Buyback
Positive
Mar 20, 2026
Associated British Foods has continued to execute on its previously announced share repurchase programme, buying back 160,000 ordinary shares on 20 March 2026 at an average price of 1,801.2888 pence. The shares, acquired via Barclays Capital Secur...
Stock Buyback
Associated British Foods Cancels 150,000 Shares in Ongoing Buyback
Positive
Mar 19, 2026
Associated British Foods has repurchased 149,999 ordinary shares for cancellation as part of its ongoing share buyback programme authorised by shareholders. The shares were acquired on 19 March 2026 at an average price of 1,824.0622 pence, via on-...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels Further Shares in Ongoing Buyback
Positive
Mar 18, 2026
Associated British Foods has continued to execute its previously announced share repurchase programme, buying 89,688 ordinary shares on 18 March 2026 at an average price of about 1,865.37 pence. The shares, acquired via multiple on-exchange trades...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 70,000 Shares in Buyback Move
Positive
Mar 17, 2026
Associated British Foods has repurchased 70,000 of its ordinary shares at an average price of 1,878.11 pence each as part of its ongoing share buyback programme authorised by shareholders. The shares, acquired on 17 March 2026 via Barclays Capital...
Stock Buyback
Associated British Foods Buys Back and Cancels 75,000 Shares
Positive
Mar 16, 2026
Associated British Foods has repurchased 75,000 of its ordinary shares on 16 March 2026 under its ongoing share buyback programme, paying an average price of 1,870.3829 pence per share. The shares, acquired via Barclays Capital Securities across m...
Regulatory Filings and Compliance
ABF Discloses Removal of Share Pledges Linked to CEO-Connected Trust
Neutral
Mar 16, 2026
Associated British Foods has disclosed a director-related shareholding change after trustees of the G H Weston 1964 Settlement removed pledges over a large block of company shares. The trust, which counts chief executive George Weston among its be...
Business Operations and StrategyStock Buyback
Associated British Foods Buys Back and Cancels 75,000 Shares
Positive
Mar 13, 2026
Associated British Foods has continued to execute its previously announced share repurchase programme, buying 75,000 ordinary shares on 13 March 2026 at an average price of 1,841.66 pence. The shares were acquired from Barclays Capital Securities ...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 80,000 Shares in Latest Buyback Tranche
Positive
Mar 12, 2026
Associated British Foods has continued to execute its share repurchase programme, buying back 80,000 ordinary shares on 12 March 2026 at an average price of 1,857.0379 pence. The shares, acquired from Barclays Capital Securities across multiple tr...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 85,000 Shares in Ongoing Buyback
Positive
Mar 11, 2026
Associated British Foods has repurchased 85,000 of its ordinary shares on 11 March 2026 under its previously announced share buyback authority, paying an average price of about 1,848.67 pence per share across multiple trading venues. The company p...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels New Tranche of Share Buybacks
Positive
Mar 10, 2026
Associated British Foods has executed a further tranche of its previously announced share repurchase programme, buying back 89,704 ordinary shares on 10 March 2026 through Barclays Capital Securities at a volume‑weighted average price of abo...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 105,000 Shares in Latest Buyback Tranche
Positive
Mar 9, 2026
Associated British Foods has executed another tranche of its ongoing share repurchase programme, buying 105,000 ordinary shares for cancellation on 9 March 2026 at an average price of about 1,847.40 pence. The shares were acquired via Barclays Cap...
Stock Buyback
Associated British Foods Cancels 119,909 Shares in Ongoing Buyback
Positive
Mar 6, 2026
Associated British Foods has repurchased 119,909 of its ordinary shares on 6 March 2026 under its ongoing share buyback programme, paying an average of 1,882.66 pence per share, with trades executed across venues including the London Stock Exchang...
Business Operations and StrategyStock Buyback
Associated British Foods Buys Back 70,000 Shares for Cancellation
Positive
Mar 5, 2026
Associated British Foods has continued its recently announced share repurchase programme by buying back 70,000 ordinary shares on 5 March 2026. The shares, acquired from Barclays Capital Securities at an average price of about 1,911 pence and acro...
Business Operations and StrategyExecutive/Board Changes
ABF Strengthens Primark Leadership With New CEO and Commercial Chief
Positive
Mar 5, 2026
Associated British Foods has confirmed that Eoin Tonge, formerly Group Finance Director and interim head of Primark, has been appointed permanent Chief Executive of the value fashion chain and will remain on ABF’s board. Tonge, who brings se...
Business Operations and StrategyExecutive/Board Changes
Associated British Foods Names Joana Edwards as Group CFO and Board Director
Positive
Mar 5, 2026
Associated British Foods has appointed Joana Edwards as Group Chief Financial Officer and an Executive Director on its board with immediate effect, elevating her from the interim finance role she has held since March 2025 and building on her tenur...
Business Operations and StrategyStock Buyback
Associated British Foods cancels 90,000 shares in ongoing buyback
Positive
Mar 4, 2026
Associated British Foods has continued executing its share repurchase programme, buying back 90,000 ordinary shares on 4 March 2026 at an average price of 1,926.483 pence. The shares, acquired from Barclays Capital Securities across multiple tradi...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 90,000 Shares in Latest Buyback
Positive
Mar 3, 2026
Associated British Foods has repurchased 90,000 of its ordinary shares on 3 March 2026 as part of its previously announced share buyback programme, at an average price of 1,894.1596 pence per share. The shares, acquired via Barclays Capital Securi...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 145,000 Shares in Latest Buyback Tranche
Positive
Mar 2, 2026
Associated British Foods has repurchased 145,000 of its ordinary shares on 2 March 2026 as part of its ongoing share buyback programme authorised by shareholders. The shares, acquired on the London Stock Exchange at a volume‑weighted average...
Stock Buyback
Associated British Foods Cancels 234,368 Shares in Latest Buyback Tranche
Positive
Feb 27, 2026
Associated British Foods has repurchased 234,368 ordinary shares on 27 February 2026 under its ongoing share buyback programme authorised by shareholders. The shares, acquired from Barclays Capital Securities at an average price of about 1,968 pen...
Regulatory Filings and Compliance
Associated British Foods Confirms Total Voting Rights and Share Capital
Neutral
Feb 27, 2026
Associated British Foods has confirmed that it has 709,578,099 ordinary shares in issue, each carrying one vote at general meetings, with none of these shares held in treasury. The disclosure, made under UK financial transparency rules, clarifies ...
Business Operations and StrategyStock Buyback
Associated British Foods Cancels 75,000 Shares in Latest Buyback Move
Positive
Feb 26, 2026
Associated British Foods has repurchased 75,000 of its ordinary shares on 26 February 2026 under its previously announced share buyback authority. The shares, acquired from Barclays Capital Securities at an average price of about 1,952 pence, will...
Stock Buyback
Associated British Foods Cancels 50,000 Shares in Ongoing Buyback
Positive
Feb 25, 2026
Associated British Foods has repurchased 50,000 of its ordinary shares for cancellation as part of its previously announced share buyback programme, paying an average price of about 1,953 pence per share. The move, executed via Barclays across mul...
Business Operations and StrategyStock Buyback
Associated British Foods Launches £125m Second Tranche of Share Buyback
Positive
Feb 25, 2026
Associated British Foods has launched the second tranche of its previously announced share repurchase programme, appointing Barclays Capital Securities to execute up to £125 million of buybacks. The mandate runs from 25 February 2026 to betwe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.