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20 April 2021 | 12:13pm StockMarketWire.com - The FTSE 100 slumped heavily by lunchtime on Tuesday as tobacco stocks fell on US regulatory threats and as the pound continued to rise on UK recovery hopes. By midday the index was down 1.1% to 6,921.16. Sugar-to-clothes retailer Associated British Foods fell 3.5% to £23.74 having resumed its dividend payment, though at a lower rate, after lockdowns hurt budget fashion chain Primark. The companys adjusted pre-tax profit for the 24 weeks to 27 Febr...

20 April 2021 | 16:37pm StockMarketWire.com - The FTSE 100 was down 2% to 6,859.87 by the close on Tuesday as stronger sterling and resurgent concerns about the course of the Covid-19 pandemic globally put a dampener on investor sentiment. Tobacco stocks remained weak amid reports of US regulatory pressure. On Wall Street the S&P 500 was down 0.9% at 4,128.07 by 4.30pm UK time. Sugar-to-clothes retailer Associated British Foods fell 5.7% to £23.21 having resumed its dividend payment, though a...

25 February 2021 | 07:40am StockMarketWire.com - Associated British Foods said it expected to reopen 83% of Primark stores by 26 April, and forecast better-than-expected first-half performance for its grocery, sugar, agriculture and ingredients businesses. [W]e have likely reopening dates for 233 stores in addition to the 77 stores already open, so that 83% of our retail selling space should be trading by 26 April, the company said. Primarks adjusted operating profit in the first half,, was ex...

25 February 2021 | 08:38am StockMarketWire.com - The FTSE 100 climbed almost 20 points to 6,678.32 this morning, continuing its resurgence from yesterday on the back of stronger oil prices. The Governments roadmap out of lockdown, announced at the start of the week, has continued to provide a boost to the outlook for many businesses. Associated British Foods today said it expected to reopen 83% of Primark stores by 26 April, and forecast better-than-expected first-half performance for its gro...

Associated British Foods warns of £1.05 billion loss of sales at Primark on store closures

FTSE 100 back above 6,800 on several positive catalysts