Sugar improvement turns markets sweet on Associated British Foods

By
0 mins. to read
Sugar improvement turns markets sweet on Associated British Foods
Master Investor Magazine

Master Investor Magazine 57Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The share price of Associated British Foods (LON:ABF) has climbed by 1.92% to 2,545p (as of 14:10 GMT) after the company posted an AGM trading statement. Management said that the sugar division had benefited from higher EU prices and cost reductions, while the groceries arm also saw margin improvements.

The company said that Primark would continue expanding its selling space, with a focus on France and Spain in the current year. The firm had a good pipeline on sites and expected only a small reduction in lease adjusted margins for the year.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?


The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.

Book your FREE tickets today using code: MIBLOG

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.