Associated British Foods Mulls Primark Separation: Stock Movers Report
Photo by Gilbert Ng on Unsplash
TL;DR: Associated British Foods is considering separating Primark from its other businesses. Telefonica shares sharply declined after announcing a 50% reduction in its 2026 dividend, while Royal Philips' stock price increased due to better-than-expected third-quarter adjusted EBITA. Associated British Foods is undertaking a strategic review that may result in the separation of its Primark clothing retail business from its other operations. In separate news, Telefonica shares experienced a significant decline, the largest in over five years. This drop in value for Spain's largest telecom operator by revenue followed the announcement.
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Key takeaways
- Associated British Foods is undertaking a strategic review that may result in the separation of its Primark clothing retail business from its other operations
- In separate news, Telefonica shares experienced a significant decline, the largest in over five years
- This drop in value for Spain's largest telecom operator by revenue followed the announcement of a 50% reduction in its 2026 dividend
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