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Associated British Foods

CFD on the Associated British Foods PLC (ABF) stock quote.

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Product Type: CFD
Sector: Consumer StaplesIndustry: Beverages
Country: United Kingdom (UK)Currency: GBP
Trading Hours: According to marketMeasurement Unit: Shares
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Description:

Associated British Foods is a multinational food processing and retailing company headquartered in London. The company offers grocery, ingredients, sugar and agricultural products. Its well known brands include Twinings, Jordans, Ovaltine and Ryvita. Its retail division is Primark which numbers some 345 stores in the biggest European markets including the UK, France and Germany as well as the United States. The company totals 132,590 employees (2017).

It is listed on the London Stock Exchange and is a component of the FTSE 100.

Interesting Facts:

  • Aside from Primark, British Sugar is another subsidiary of ABF.
  • More than half of the company is owned by Wittington Investments, in which the Garfield Weston Foundation has a controlling share. Wittington Investments owns Fortnum and Mason, an upmarket department store in central London.
  • ASF recorded a like-for-like sales growth of 3 percent in the UK in the six months to March 3 2018, mainly due to a great performance from Primark operations.
 
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