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Associated British Foods ( (GB:ABF) ) has issued an announcement.
Associated British Foods announced the repurchase of 65,654 of its ordinary shares from UBS AG London Branch as part of its share buyback program authorized by shareholders. This move, intended to cancel the repurchased shares, indicates a strategic effort to consolidate ownership, potentially boosting shareholder value and reflecting confidence in the company’s financial stability.
More about Associated British Foods
Associated British Foods plc is a diversified international group operating in the food, ingredients, and retail sectors. It offers grocery products, ingredients for food and drink, sugar, agriculture, and retail clothing through its Primark stores, with a strong focus on markets in Europe and the US.
YTD Price Performance: -10.48%
Average Trading Volume: 1,133,420
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £14.82B
Find detailed analytics on ABF stock on TipRanks’ Stock Analysis page.
