FTSE 250 movers: Man climbs after confirming M&A talks
29th May 2014 14:59
Man Group leapt after it confirmed it is in talks to buy US money manager Numeric Holdings. The world's largest publicly traded hedge-fund manager said the discussions are "ongoing and may or may not lead to a transaction". Numeric, which uses quantitative analysis to make investments, manages $13.9
Read moreTate & Lyle in line but warns of slow start to new year
29th May 2014 08:06
- Earnings down 2% but ahead of consensus at 55.7p - Final dividend up 5.3% to 19.8p - For 2015, sucralose headwinds expected - For 2015, slow start expected for Bulk Ingredients In the face of tough competition in artificial sweeteners and adverse weather effects, Tate & Lyle produced annual reve
Read moreLondon close: Investors ponder merits of TSB float
27th May 2014 16:58
- FTSE 100 catches up after long weekend - Euroscepticism tempered by election results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,786.31 +1.03% FTSE 100 6,844.94 +0.43% FTSE 250 15,843.93 +0.88% Equities ende
Read moreFTSE 250 movers: AVEVA and Greencore rise on broker comments
27th May 2014 16:09
Software maker AVEVA revealed an 11 per cent increase in full-year profit underpinned by strong demand at its Engineering and Design Systems unit and improved margins. Following the results analysts at Numis Securities reiterated their 'buy' recommendation on the shares, saying they are significantl
Read moreBroker tips: BG Group, Tate & Lyle, SABMiller, AVEVA
27th May 2014 12:57
Kepler Cheuvreux has lowered its recommendation for BG Group from 'hold' to 'reduce', saying that prevailing uncertainties are clouding the outlook for the oil and gas firm. Analyst Peter Oppitzhauser said that BG's upstream portfolio "comes with high project delivery risk (high concentration risk,
Read moreDavy sees 'muted' outlook at Tate & Lyle
27th May 2014 12:26
The outlook for sugar and sweetener maker Tate & Lyle remains 'muted' following a challenging 2013/14, according to Davy Research which retained an 'underperform' rating on the stock. Ahead of the company's announcement of its results for the year-end March on May 29th, Davy said it expects adjuste
Read moreFTSE 250 movers: Tate & Lyle rises on M&A speculation
25th Apr 2014 15:14
Tate & Lyle extended yesterday's gains on the back of renewed M&A speculation, which has seen a talk circulate in relation to US peer Bunge. Price comparison website Moneysupermarket.com recovered from losses seen earlier in the week, which came after it reported a flat start to the second quarter
Read moreLondon pre-open: FTSE to move higher early on
3rd Apr 2014 07:39
UK stocks are set to start today's session on a positive note, tracking gains seen in the US ahead of the ECB's latest policy meeting and following positive Chinese services data as per the latest Services Markit/HSBC services purchasing managers index (PMI). City sources predict the FTSE 100 will
Read moreTate & Lyle confirms profits broadly in line with last year
3rd Apr 2014 07:10
- Profit 'broadly in line' with comparatives - US weather hit Bulk Ingredients in Q4 - Speciality Food hit by tougher sucralose market - GBP/USD rate to hit profits by one per cent Already reeling from the profit warning in February resulting from a tougher sucralose market, Tate & Lyle has revelae
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreTate & Lyle exec builds stake on behalf of children
5th Mar 2014 15:59
Javed Ahmed, an Executive Director of Tate & Lyle, added 20,000 shares to his stake in the group, which he registered in the name of his children. The 639.46p-a-share deal took Ahmed's interest to 1.2m shares. He also transferred a total of 55,356 shares to his two children as a gift on the same d
Read moreTravis Perkins Chief celebrates retirement and birthday with share sale
3rd Mar 2014 15:57
UK builder Travis Perkins on Monday announced that its soon-to-retire former Chief Executive Officer (CEO), Geoff Cooper, has sold a number of shares ahead of his official departure on Thursday, his 60th birthday. Cooper, who is staying with the company to remain as a part time senior management a
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreMonday broker round-up UPDATE
24th Feb 2014 08:15
Associated British Foods: Numis downgrades from reduce to sell with a target price of 2240p. Panmure Gordon raises target price from 2500p to 2760p and maintains a hold recommendation. Jefferies increases target price from 2450p to 2600p and keeps a hold recommendation. Aviva: JP Morgan shifts targ
Read moreLondon close: FTSE ends on a high after data-heavy session
18th Feb 2014 16:21
- FTSE reverses early declines to finish up 60 points - Banks lifted by UK inflation data - Anglo American lifted by UBS note techMARK 2,881.97 +0.86% FTSE 100 6,796.43 +0.90% FTSE 250 16,342.07 +0.60% Stocks reversed this morning's slight decline to end the session firmly higher, buoyed by a stro
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