Associated British Foods PLC - London-based retailer and food manufacturer - Starts on Wednesday the £500 million share buyback it announced with its annual results on Tuesday. The first tranche of £250 million will be run by Swiss bank UBS AG and be completed by April 15 next year. A second tranche also will be worth £250 million. AB Foods has a market capitalisation of £17.83 billion. The Primark store chain owner on Tuesday said pretax profit rose 43% to £1.92 billion in the 52 weeks that ended September 14 from £1.34 billion the year prior. Current stock price: 2,405.00 pence, up 1.8% in London on Wednesday 12-month change: up 14% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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