|Bid||235.00 x 0|
|Ask||255.00 x 0|
|Day's range||246.20 - 249.30|
|52-week range||194.35 - 303.95|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||20.57|
|Earnings date||13 Apr 2023|
|Forward dividend & yield||0.12 (4.70%)|
|Ex-dividend date||13 Oct 2022|
|1y target est||274.80|
Associated British Foods' profit margin for its grocery division will fall in its 2022-23 year as input costs continue to outpace price rises for its customers, its finance chief said on Tuesday. John Bason told Reuters this showed AB Foods, whose grocery brands includes Twinings tea, Jordans cereals and Ovaltine drinks, was not using inflation as an excuse to hike prices more than necessary. On Sunday, John Allan, the chairman of Britain's biggest supermarket group, Tesco, told BBC television some food companies had pushed for illegitimate price rises - comments that baffled the head of the country's farmers union and food industry groups.
It's been a difficult five years for many investors, but Tesco shares will have delivered a positive outcome. Was it enough? The post If I’d invested £1,000 in Tesco shares 5 years ago, here’s how much I’d have now appeared first on The Motley Fool UK.
John Allan said producers may be using inflation as excuse to raise prices further than necessary