UK's AB Foods plunges on lower profit outlook

Associated British Foods

08/01/2026 08:32

** Shares of Associated British Foods ABF.L slump 11% to 1914.50p; stock is top loser in the FTSE 100 index .FTSE

** Co warns of lower annual profit due to weak demand at its Primark fashion chain in continental Europe, and subdued U.S. sales at its food business

** Co expects group adjusted operating profit and earnings per share to come in below last year vs previous expectation of a rise in earnings for 2026

** On an avg, 19 analysts rate the stock "hold"; their median PT is 2250p, as per data compiled by LSEG

** Up to last close, stock had risen 7.4% in the past 12 months

 (Reporting by Joel Jose in Bengaluru)

 ((mailto: joeljose@thomsonreuters.com))