1441 GMT - AB Foods' impromptu statement is disappointing for both management and shareholders, after the group guided for lower EPS in fiscal 2026, Clive Black at Shore Capital says in a note. The update has led Shore to temper its positive stance on the Primark owner, Black says. Shore downgrades its EPS expectations for fiscal 2026 by around 11% and by about 9% for fiscal 2027, he says. There is a lot to like about the business, but it is sensible to sit back, Black adds. Shore cuts its rating on the stock to hold from buy. Shares are up 1.6% at 18.80 pounds. (aimee.look@wsj.com)

(END) Dow Jones Newswires

January 09, 2026 09:41 ET (14:41 GMT)

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