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The latest update is out from Associated British Foods ( (GB:ABF) ).
On January 10, 2025, Associated British Foods plc announced the repurchase and cancellation of 363,622 of its ordinary shares at an average price of 1945.1454 pence per share as part of its ongoing share buyback program. This transaction, executed through UBS AG London Branch, reflects the company’s strategy to manage its capital structure and possibly enhance shareholder value, potentially impacting its market positioning and signaling confidence in its financial stability.
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 sugar, agriculture, retail, grocery, and ingredients, with a market focus that includes both consumer goods and industrial products.
YTD Price Performance: -2.06%
Average Trading Volume: 1,123,345
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £14.53B
Learn more about ABF stock on TipRanks’ Stock Analysis page.
