Tate & Lyle boosted by Goldman Sachs upgrade
22nd Jul 2015 09:19
(ShareCast News) - Tate & Lyle got a boost after Goldman Sachs upgraded the stock to 'neutral' from 'sell' and raised its price target to 470p from 460p following its recent underperformance. It noted that since being added to the 'sell' list on 1 December 2014, the stock is down 16% versus the FTSE
Read moreSugar stockpile price fall hits hedge funds, as rally hopes quashed
20th Jul 2015 13:17
(ShareCast News) - Huge world stockpiles of sugar have led to falls in sugar prices that have hit hedge funds in particular and led analysts to warn that prices are unlikely to rebound for a while. On the ICE futures exchange, sugar for October delivery was on Monday trading down 3.2% on the previou
Read moreFood retailers defend sugar record after SACN report slashes sugar guidance
17th Jul 2015 10:38
(ShareCast News) - A government-backed report on carbohydrates has called for the British recommended daily allowance of sugar to be cut in half, which has forced retailers to robustly defend their efforts to cut the sugar content and calorie counts of their products. As expected, the Scientific Adv
Read moreSugar consumption guide set to halve in government's SACN report
16th Jul 2015 15:21
(ShareCast News) - Sugar producers and sweet food manufacturers are soon to be hit by a halving of the government's recommended sugar intake levels, according to reports. A report on carbohydrate consumption by the Scientific Advisory Committee on Nutrition (SACN), which advises Public Health Englan
Read moreBroker tips: RBS, Tate & Lyle, Dairy Crest
8th Jul 2015 11:19
Charles Stanley has raised its recommendation for Royal Bank of Scotland from 'reduce' to 'hold', saying the stock is now "fairly valued" despite remaining misconduct uncertainties. The broker said RBS has been the standout laggard in the UK banking sector so far this year, falling by 15%. "We belie
Read moreCredit Suisse ups Tate & Lyle to 'neutral'
8th Jul 2015 09:24
Credit Suisse upgraded Tate & Lyle to 'neutral' from 'underperform' following the recent underperformance that has seen the shares fall below its price target. CS noted that the shares have de-rated to 15 times this year's estimated earnings and the dividend offers further support. "Close to £5 loo
Read moreMonday broker round-up
8th Jun 2015 08:04
Shire: Deutsche Bank reiterates buy recommendation and 6,000p target. Bellway: Deutsche Bank stays at hold with a 2,326p target price, Citi reiterates buy. Halfords: Deustche Bank remains at hold and ups target to 480p from 460p. Churchill Mining: Northland initiates coverage at 'speculative buy'.
Read moreMonday broker round-up
1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read moreSocGen cuts Tate & Lyle price target after full-year results
29th May 2015 14:49
Societe Generale cut its price target on Tate & Lyle to 600p from 660p to reflect downgrades to its earnings estimates following the company's full-year results. The bank cut its full-year 2016 adjusted pre-tax profit forecast by 3% to £205m to reflect a weaker outlook for the bulk ingredients divis
Read moreLondon close: Stocks edge higher after choppy session amid Greek uncertainty
28th May 2015 16:38
London's stocks finished a choppy session in the green, though gains were only modest as sentiment continued to be dominated by mixed newsflow from Greece. The FTSE 100 settled the session up 7.59 points (+0.11%) at 7,040.92 after swinging between gains and losses for most of the day, with trading v
Read moreFTSE 250 movers: Paypoint surges on strong profits, Synergy Health hit by waning takeover speculation
28th May 2015 13:10
UK stocks were subdued on Thursday, following weak economic data and continued investor uncertainty on Greek developments. Sector-wise, strong performances from technology and retail was outweighed by weakness in telecommunications and mining. As of 15:00 BST, the FTSE 250 was trading 0.012% lower a
Read moreLondon midday: Stocks shrug off weak UK data as Greek newsflow continues
28th May 2015 11:44
Stocks erased losses to push into positive territory by Thursday lunchtime despite some disappointing UK economic data, as investors continued to focus on newsflow from Greece. The FTSE 100 was up 0.18% at 7,045.78 by midday, having bounced off an earlier low of 7,005.88. Markets seemingly shrugged
Read moreLondon open: Markets retreat on Greek uncertainty
28th May 2015 08:40
Stocks opened in the red on Thursday as investors took profits following a surge the day before, with renewed uncertainty in Greece hitting sentiment. The FTSE 100 was down 0.22% at 7,017.70 early on. Reports of a imminent Greek debt deal hitting the wires spurred buying on Wednesday, sending the i
Read moreLondon pre-open: Quiet start expected after Wednesday's surge
28th May 2015 07:50
Thursday's session is set to start on a quiet note, pausing after strong gains the previous day as reports of a imminent Greek debt deal spurred buying. City sources predict the FTSE 100 will open just a few points lower after surging 1.2% on Wednesday's to close at 7,033.33. "There's been months o
Read moreTate & Lyle shares drop as profit falls; earnings seen flat
28th May 2015 07:42
Shares in Tate & Lyle slid 4% on Thursday after the company said that full-year pre-tax profit dropped 30% in the year ended 31 March, in line with its expectations, as it continues to restructure its business. Profit fell to to £224m from £322m, while adjusted sales fell 15% to £2.69bn from £3.15bn
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