Associated British Foods PLC
ABF: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Gd# | LOCK|Pxn | LOCK|<bbZ#!% |
Associated British Foods: Weak Primark Growth and Vivergo Plant Closure; Shares Slide 10%
In its second-half fiscal 2025 trading update, Associated British Foods guided to 1% sales growth and 15 new store openings at Primark. The group also announced the closure of its long-struggling bioethanol plant and a merger with Hovis bread. Shares fell 10% at the market open on Sept. 10.
