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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Associated British Foods Plc    ABF   GB0006731235

ASSOCIATED BRITISH FOODS PLC

(ABF)
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Associated British Foods : Primark Declines Government Aid to Bring Back Furloughed Staff -FT

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07/13/2020 | 06:32am EDT

--Associated British Foods PLC's clothing business Primark has turned down a bonus the government is offering for returning furloughed staff to work amid the coronavirus crisis, the Financial Times reports.

--The retailer said in a statement that the bonus "should not be necessary," according to the FT.

--The scheme offers 1,000 pounds ($1,262) for each furloughed worker brought back to work, and Primark would have been eligible to receive about GBP30 million, the FT reports.

 

Full story: https://on.ft.com/3gWB20y

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ASSOCIATED BRITISH FOODS PLC -0.15% 1991 Delayed Quote.-23.36%
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Financials
Sales 2020 14 187 M 18 525 M 18 525 M
Net income 2020 435 M 569 M 569 M
Net Debt 2020 2 725 M 3 559 M 3 559 M
P/E ratio 2020 36,9x
Yield 2020 1,43%
Capitalization 15 707 M 20 491 M 20 510 M
EV / Sales 2020 1,30x
EV / Sales 2021 1,11x
Nbr of Employees 138 000
Free-Float 43,6%
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Technical analysis trends ASSOCIATED BRITISH FOODS P
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 2 300,35 GBX
Last Close Price 1 991,00 GBX
Spread / Highest target 54,2%
Spread / Average Target 15,5%
Spread / Lowest Target -32,1%
EPS Revisions
Managers
NameTitle
George Garfield Weston Chief Executive Officer & Executive Director
Michael G. McLintock Chairman
John George Bason Executive Director & Finance Director
Emma Susan Adamo Non-Executive Director
Ruth L. Cairnie Senior Independent Non-Executive Director
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