Davy 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
Read moreFTSE 100 movers: Banks driven higher by inflation data
18th Feb 2014 15:08
Banks charged higher on the news that UK inflation fell below the government's target of 2.0 per cent in January for the first time since 2009. Royal Bank of Scotland and Barclays registered the strongest gains within their sector. BT shares were given a lift after the UK's Court of Appeal ruled t
Read moreTuesday broker round-up UPDATE
18th Feb 2014 07:46
Aeorema Communications: Cantor Fitzgerald initiates with a target price of 90p and a buy recommendation. Aquarius Platinum: Investec shifts target price from 36p to 41p upgrading from sell to hold. Barclays: Jefferies shaves target price from 364p to 360p and keeps a buy recommendation. Brammer:
Read moreFTSE 100 movers: Hammerson leads the risers on strong results
17th Feb 2014 14:59
Hammerson is in the top spot today, after it this morning reported a rise in annual profits, driven by strong demand for retail property. The property group posted pre-tax profit for the year ended December 31st 2013 of £341.2m, up from £142.2m the previous year, as like-for-like net rental income
Read moreFTSE jumps on global events
17th Feb 2014 11:59
- Chinese lending, Italy drive FTSE higher - Japanese GDP disappoints - UK house prices accelerate - Hammerson and RSA lead risers techMARK 2,850.83 +0.67% FTSE 100 6,729.06 +0.98% FTSE 250 16,193.48 +0.51% The FTSE rose strongly this morning, driven by Chinese lending data, political events in It
Read moreTate & Lyle forecasts flat FY profits as Splenda prices weaken - UPDATE
16th Feb 2014 14:22
- Solid start to Q4 trading - Price falls to deepen for its Splenda sucralose sweetener product - Full-year expected to be broadly in line with last year Food and sweetener company Tate & Lyle said it made a solid start to the final quarter, despite weakness in Splenda sucralose pricing, and expec
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