ABF to split food assets from retail arm Primark [Yahoo! Finance]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
NASDAQ:AMEX Investor Relations:
abf.co.uk/investorrelations
Company Research
Source: Yahoo! Finance
Chair Michael McLintock said a demerger was the “best way to maximise long-term returns for shareholders”, adding the opportunities for both the clothing retailer and the food business were “considerable”. ABF, home to food and drinks brands including Jordans granola and Twinings tea, said the split is intended to create “a clearer investment proposition” for each part of the company. Shareholders in ABF, which is majority owned by the Weston family vehicle Wittington Investments, will own stock in the separately listed Primark and in the food business, which will retain the Associated British Foods name. Wittington Investments will be the majority shareholder in both companies, ABF said. FoodCo, which spans ABF's grocery, ingredients, agriculture and sugar businesses, generates around £9.8bn ($13.23bn) in annual revenue and employs more than 55,000 people. Primark has 486 stores in 19 markets, generating annual revenue of about £9.5bn and more than 83,000 employees. Geor
Show less
Read more
Impact Snapshot
Event Time:
ASBFY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ASBFY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ASBFY alerts
High impacting ASSOCIATED BRI/F UNSP/ADR news events
Weekly update
A roundup of the hottest topics
ASBFY
News
- “This is quite a big day for us” – key takeaways as ABF splits food from Primark [Yahoo! Finance]Yahoo! Finance
- British retailer Primark will get dressed up for its public trading debut next year [Seeking Alpha]Seeking Alpha
- Primark Will Become a Standalone Retail Company Following Its Separation from ABF in 2027 [Yahoo! Finance]Yahoo! Finance
- Associated British Foods H1 Earnings Call Highlights [Yahoo! Finance]Yahoo! Finance
- Global markets on edge as investors await outcome of US-Iran negotiations [Yahoo! Finance]Yahoo! Finance