Credit 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
Read moreSunday share tips: Tate & Lyle, Direct Line and Bloomsbury Publishing
24th May 2015 17:15
Insurer Direct Line's shares are worth holding, according to Midas in the Mail on Sunday. The insurer is part of a new tendency of companies to pay special dividends on top of their two payments per year. Directors have proposed special dividends every year and are expected to pay two for 2015, taki
Read moreFTSE 250 movers: Tate & Lyle hit by downgrade, energy stocks higher
22nd Apr 2015 13:28
Shares in sugar, sweetener and food ingredients group Tate & Lyle were losing their flavour after analysts at Credit Suisse lowered their rating on the stock from 'neutral' to 'underperform'. Ladbrokes was also trading lower as the bookmaker revealed operating profits were down materially due to cus
Read moreWednesday broker round-up
22nd Apr 2015 12:33
BHP Billiton: UBS reiterates buy and 1,625p target price. Rio Tinto: Deutsche Bank stays at buy and 4,200p target. Sky: Goldman Sachs maintains neutral and 1,200p target. Associated British Foods: Nomura lifts target to 2,850p from 2,760p and reiterates neutral. ARM Holdings: Exane BNP reiterates
Read moreLondon midday: FTSE falls as Tesco erases gains and financial stocks weaken
22nd Apr 2015 12:11
Following a temporary foray into positive territory, UK stocks were firmly lower by Wednesday lunchtime as supermarket giant Tesco erased earlier gains after reporting an eye-watering £6.4bn annual loss. London's FTSE 100 was down 0.66% at 7,016.59 by midday, pulling back quickly after a brief stint
Read moreBroker tips: Tesco, StanChart, BT Group, Tate & Lyle
22nd Apr 2015 11:44
Record annual losses from Tesco were widely attacked by financial analysts and City traders but there was optimism that the results showed several hints of a turnaround. Deutsche Bank took an optimistic view: "While there are arguably a few more downward pressures than upward pressures, we don't exp
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