ABF Associated British Foods plc

Price target assumptions around Associated British Foods are being adjusted, with fair value estimates edging from £18.68 to £18.15 and individual targets clustering between about £15.50 and £19.50. These shifts align with more measured analyst commentary, as research houses reassess execution risks and segment trends while keeping many targets, including those from JPMorgan, in the mid teen to high teen range. In the sections that follow, you will see how this evolving narrative might matter...

The ten-strong range will be manufactured at Pilgrim’s Carrickmacross factory in Ireland under the licensing agreement.

The low-cost retailer says the market has shifted enough to make home delivery profitable while supporting incremental sales.

To support the new channel, the retailer has bought a highly automated fulfilment centre in Sheffield, following what ABF termed “a detailed review”.

Associated British Foods tumbled around 10% as weak European Primark trading and a worsening sugar outlook outweighed the retailer’s long-awaited move into home delivery.

Associated British Foods’ stock slid after the conglomerate cautioned on the outlook for its sugar and grocery units, ahead of the split of its food operations and fashion arm Primark.

Primark will offer home deliveries for the first time as the retailer combats stiff competition for cheap clothing from China.

STOCKS 0725 GMT – European stock indexes largely edge higher after falling sharply in the last session. Banks and utilities find some relief, though technology stocks slide. The Europe-wide Stoxx 600 nudges up 0.

The company did not specify when home delivery would start but said it would come ‘in the future’.