viewAssociated British Foods PLC

Market report: FTSE gains as pound falls on fears of a no-deal Brexit

The FTSE opened in positive territory this morning on the back of a weak pound after U.K. Prime Minister Boris Johnson raised the chances of a no-deal Brexit as trade negotiations continue to look uncertain with the European Union. Johnson would rather let talks fail than compromise. 

The owner of budget retailer Primark (LON:ABF) has seen sales rebound since the lockdown was lifting in the UK. Associated British Foods, said that sales had beaten expectations over the quarter - with sale set to hit £2bn by the end of the year.

Publisher Future (LON:FUTR) which includes titles such as Country Life said its on track to post full-year profit ahead of market expectations after online reader numbers jumped during the coronavirus crisis.

Among the small caps, Blackbird PLC (LON:BIRD) has reported record revenues in the first half of its current financial year as the company said the acceleration in its business has continued despite lockdowns.

Belvoir Group PLC (LON:BLV) is confident of meeting full-year expectations and has reinstated its progressive dividend policy. 

Vast Resources PLC (LON:VAST) has released a detailed cashflow forecast and production schedule, now that confirmatory drilling has been completed in Romania. 

And finally Red Rock Resources (LON:RRR) has entered into an option agreement involving former gold and silver mining and exploration assets at Zlata Bana in Slovakia. 





Quick facts: Associated British Foods PLC

Price: 2293 GBX

Market: LSE
Market Cap: £18.15 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Gunsynd PLC boss sees a lot of upside with portfolio 'geared towards...

Gunsynd PLC's (LON:GUN) Pete Ruse introduces the London-based investment firm to Proactive's Andrew Scott. He says GUN's an investor, first and foremost, in natural resources but also has the benefit of having quite an open investment policy which includes life sciences and gaming as well as...

5 hours, 23 minutes ago

2 min read