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Associated British Foods ( (GB:ABF) ) has issued an update.
Associated British Foods plc announced a share buyback on December 11, 2024, purchasing 246,587 of its ordinary shares for cancellation at an average price of GBp 2182.2062. This strategic move, carried out with UBS AG London Branch, is part of the company’s ongoing share repurchase program, potentially enhancing shareholder value and optimizing the company’s capital structure.
More about Associated British Foods
Associated British Foods plc operates in the food processing and retail industries, providing a diverse range of products including food ingredients, grocery items, and retail services through its Primark brand. The company focuses on delivering high-quality food products and affordable fashion, maintaining a significant presence in both the food and retail markets.
YTD Price Performance: -6.16%
Average Trading Volume: 1,174,845
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £16.14B
See more insights into ABF stock on TipRanks’ Stock Analysis page.
