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Associated British Foods PLC on Thursday said it has launched the first phase of its previously announced £250 million share buyback programme. The London-based food processing firm and clothing retailer said the first tranche will total up to £125 million, with trading starting Thursday and expected to conclude on or before March 27, 2026. AB Foods said it has appointed UBS AG London Branch to execute the first phase under a non-discretionary arrangement. AB Foods said the second tranche of the programme, also up to £125 million, will be initiated ‘in due course.’ The company will hold its annual general meeting on December 5. Shares in Associated British Foods were up 2.6% at 2,273.00 pence each in London on Thursday morning for a total market capitalisation of £16.26 billion. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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