Associated British Foods plc

ABF

GB0006731235

Food Processing

Market Closed - London S.E. Other stock markets 11:35:06 2024-04-26 am EDT			5-day change	1st Jan Change
2,635 ^GBX	-1.90%		+7.68%	+11.32%

Apr. 26	Goldman Keeps Associated British Foods at Neutral, Boosts PT	MT
Apr. 26	Peel Hunt cuts ConvaTec to 'reduce'	AN

M&C Saatchi hires Heather Rabbatts to be senior director

January 22, 2024 at 06:00 am EST

M&C Saatchi PLC - London-based advertising agency - Appoints Heather Rabbatts as senior independent director, joining the board on Monday. Rabbatts currently is a non-executive director of retailer and food maker Associated British Foods PLC. Previously she was a non-executive director of construction firm Kier Group PLC. Rabbatts, age 68, also was the first woman on the board of the Football Association, M&C Saatchi notes.

Acting Executive Chair Zillah Byng-Thorne says: "Heather brings a wealth of non-executive experience as well as a deep understanding of our industry and will be a very valuable addition to the board." Rabbatts replaces Lisa Gordon, who stepped down last June.

Current stock price: 168.17 pence

12-month change: up 0.7%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
ASSOCIATED BRITISH FOODS PLC	2,635 GBX	-1.90%	+7.68%	24.54B
M&C SAATCHI PLC	187 GBX	0.00%	+1.63%	285M
KIER GROUP PLC	134.6 GBX	+2.91%	+8.20%	749M

Latest news about Associated British Foods plc

Goldman Keeps Associated British Foods at Neutral, Boosts PT	Apr. 26	MT
Peel Hunt cuts ConvaTec to 'reduce'	Apr. 26	AN
The return of bad news is good news	Apr. 24
Barclays Keeps Associated British Foods at Equalweight, Lifts PT	Apr. 24	MT
ANALYST RECOMMENDATIONS : Airbnb, Tesla, Ulta Beauty, Walt Disney, Taylor Wimpey...	Apr. 24
Investec cuts Hipgnosis Songs Fund to 'hold'	Apr. 24	AN
Lloyds profit takes hit; Jet2 cuts guidance	Apr. 24	AN
European Equities Close Higher in Tuesday Trading; Euro Area Business Activity Grows at Fast Rate	Apr. 23	MT
UK Private Sector Activity Expansion Fuels Gains in Local Stocks	Apr. 23	MT
FTSE 100 gains pared after hitting record high	Apr. 23	AN
Tech, Retail Issues Lift European Bourses Midday	Apr. 23	MT
FTSE 100 pushes to new high; AB Foods surges	Apr. 23	AN
European Midday Briefing: Stocks Buoyed by Strong Earnings, FTSE 100 Hits Fresh Record	Apr. 23	DJ
North American Morning Briefing : Stock Futures Rise, Tesla Earnings in Focus	Apr. 23	DJ
FTSE 100 hits record high	Apr. 23
AB Foods ups payout 46% as Primark boosts strong first-half	Apr. 23	AN
Transcript : Associated British Foods plc, H1 2024 Earnings Call, Apr 23, 2024	Apr. 23
AB Foods profit soars boosting interim dividend	Apr. 23	AN
U.S. Futures Flat, European Stocks Rise	Apr. 23	DJ
FTSE 100 hits record high in early trade	Apr. 23	RE
Primark won't pursue home delivery after Click & Collect expansion, says boss	Apr. 23	RE
AB Foods lifts outlook as interim profit soars	Apr. 23	AN
Associated British Foods Reports Higher Fiscal H1 Attributable Profit, Revenue	Apr. 23	MT
Primark owner AB Foods expects 'significant growth' in full-year profit	Apr. 23	RE
Tranche Update on Associated British Foods plc's Equity Buyback Plan announced on November 7, 2023.	Apr. 23	CI

Chart Associated British Foods plc

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Company Profile

Associated British Foods plc is one of the largest European food processing groups. Net sales break down by family of products as follows: - grocery and bakery products (21.3%): tea (Twinings brand), oils (Mazola and Capullo), spices (Spice Islands and Durkee), jam, bread, biscuits, sauces, etc.; - sugar (12.9%): Silver Spoon, Billington's brands, etc.; - ingredients (10.9%): yeasts, flavorings, emulsifiers, sterols, esters, etc.; - processed food products (10.1%): mainly cereal and animal feed. The remaining sales (45.6%) are from clothing distribution (408 outlets located mainly in the United Kingdom, Ireland, Spain, Germany, the Netherlands, and Portugal under the Primark and Penneys names). Net sales are distributed geographically as follows: the United Kingdom (36.8%), Europe and Africa (38.2%), Asia/Pacific (12.7%) and Americas (12.3%).

Sector

Food Processing

Calendar

2024-09-10 - Q4 2024 Sales and Revenue Release - Pre close trading update

Related indices

STOXX EUROPE 600 (EUR) , FTSE 100

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Ratings for Associated British Foods plc

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A-

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Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

26.35 GBP

Average target price

25.9 GBP

Spread / Average Target

-1.69%

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Sector Other Food Processing

	1st Jan change	Capi.
ASSOCIATED BRITISH FOODS PLC	+11.32%	24.54B
NESTLÉ S.A.	-4.93%	261B
MONDELEZ INTERNATIONAL, INC.	-2.51%	94.98B
KRAFT HEINZ	+3.19%	46.39B
GENERAL MILLS, INC.	+8.74%	39.99B
DANONE	-0.65%	39.95B
THE HERSHEY COMPANY	-0.15%	38.02B
ARCHER-DANIELS-MIDLAND COMPANY	-16.78%	30.16B
NESTLÉ INDIA LIMITED	-6.61%	28.72B
YIHAI KERRY ARAWANA HOLDINGS CO., LTD	-9.29%	22.65B

Other Food Processing

Associated British Foods plc

Equities

ABF

GB0006731235

Food Processing

M&C Saatchi hires Heather Rabbatts to be senior director

Stocks mentioned in the article

Latest news about Associated British Foods plc

Chart Associated British Foods plc

Company Profile

Income Statement Evolution

Ratings for Associated British Foods plc

Analysts' Consensus

EPS Revisions

Quarterly revenue - Rate of surprise

Sector Other Food Processing