UK's AB Foods shares fall on shrinking Primark sales
10/09/2026 08:23
BUZZ-UK's AB Foods shares fall on shrinking Primark sales ** Shares of Associated British Foods ABF.L down as much as 10.4% at 1809 pence
** Set for their biggest one-day percentage decline since January, if losses hold
** Stock top loser on FTSE 100, which is up 0.1%
** ABF says Primark's like-for-like sales expected to be down 3.0% in Q4 to Sept. 12
** Says, in continental Europe, where consumer confidence remains weak, LFL sales down around 4.3% in Q4
** "ABF's Q4 trading results show muted end to year for Primark led by underwhelming Europe sales," say Jefferies' analysts in a note
** Co says, group adj operating profit expected to be broadly in line with previous expectations
** Adds, will offer home delivery in UK in future
** Stock down ~5.03% YTD
(Reporting by Ankita Bora in Bengaluru)