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Associated British Foods ( (GB:ABF) ) has issued an update.
On January 3, 2025, Associated British Foods announced the repurchase of 457,730 of its ordinary shares from UBS AG London Branch, as part of its share buyback program. The repurchase, which averaged a price of 2045.2433 pence per share, reflects the company’s strategy to enhance shareholder value by reducing the number of shares outstanding. This transaction may positively impact the company’s stock performance by improving earnings per share and demonstrating management’s confidence in the company’s financial health.
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 grocery, sugar, agriculture, ingredients, and retail, with well-known brands such as Twinings, Ovaltine, and Primark. Its market focus spans across Europe, the Americas, Asia, and Africa, serving a broad customer base.
YTD Price Performance: 0.83%
Average Trading Volume: 1,124,694
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £15B
Learn more about ABF stock on TipRanks’ Stock Analysis page.
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