London open: Stocks fall as caution sets in ahead of ECB, US data
7th Nov 2013 08:20
- Investors scale back positions ahead of 'risk events' - MPC, ECB meetings in focus - US GDP, jobless claims on tap this afternoon techMARK 2,650.85 -0.10% FTSE 100 6,725.30 -0.24% FTSE 250 15,397.87 -0.04% UK stocks opened slightly lower on Thursday morning as caution set in ahead of a busy end
Read moreLondon pre-open: Modest decline expected on FTSE ahead of data
7th Nov 2013 07:30
City sources predict the FTSE 100 will open around seven points lower than yesterday's close of 6,741.69, ahead of the release of multiple results due out this morning along with a number of key 'risk events' in the coming days, including the initial estimate of third-quarter US economic growth, job
Read moreSoft US drinks market hurts Tate & Lyle profits
7th Nov 2013 07:15
- Half-year profits hurt by soft US drinks market - Good growth at Speciality Food Ingredients, emerging markets - Increased interim dividend payment Food and sweetener company Tate & Lyle said half-year profits slipped after a soft beverage season in the US overshadowed growth in Speciality Food I
Read moreMonday broker round-up UPDATE
7th Oct 2013 07:58
Abcam: Investec raises target price from 504p to 552p and retains a buy recommendation. Britvic: Nomura raises target price from 630p to 680p maintaining its buy recommendation. Cranswick: Panmure Gordon reduces target price from 1200p to 1140p and maintains a hold recommendation. First Group: Je
Read moreSunday share tips: Royal Mail, Tate & Lyle, WH Smith
6th Oct 2013 17:41
Long-term investors buying Royal Mail shares in its flotation should do so for the company's dividend yield of up to 7.7 per cent but they need to watch the stock closely, the Mail on Sunday's Midas column advised. More nimble investors could make quick gains because the shares are likely to be pric
Read moreLondon close: Markets in 'wait-and-see' mode as shutdown continues
4th Oct 2013 16:46
After fluctuating between gains and losses for most of the day, the FTSE 100 finished broadly flat on Friday as stocks struggled for direction. In the absence of economic news and ongoing political uncertainty in the States, markets remain in "wait-and-see mode", according Senior Market Analyst Mic
Read moreFTSE 100 movers: Standard Life leads financials higher
4th Oct 2013 15:24
Financials were performing relatively well today with insurers Standard Life, Prudential, Resolution and RSA moving higher, along with banking groups HSBC and RBS. Standard Life was boosted by JP Morgan, which reiterated its 'overweight' rating on the stock, and commented that growth continued to
Read moreBroker tips: Barclays, GlaxoSmithKline, Tate & Lyle
4th Oct 2013 12:24
Investec has raised its recommendation for banking group Barclays from 'add' to 'buy' and retained its 300p target price despite what is expected to be a 'lacklustre' third-quarter report on October 30th. Analyst Ian Gordon said that the upgrade is due to a combination of: passing rights issues-rel
Read moreLondon midday: UK markets lack direction as US budget impasse persists
4th Oct 2013 11:31
After a slow start, the FTSE 100 had erased losses by midday on Friday but markets remain subdued as stocks struggle for direction in the absence of economic news and ongoing political uncertainty in the States. Since the partial shutdown of the US government has extended into its fourth day, gove
Read moreBroker snap: Jefferies cuts Tate & Lyle target on sucralose pricing
4th Oct 2013 09:50
Jefferies has cut its target price for Tate & Lyle from 980p to 900p after a mixed second-quarter trading update from the sweeteners and ingredients firm on Friday. Group trading was said to be "broadly in line" with management expectations in the three months to September 30th, although adjusted o
Read moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreLondon open: Stocks fall as US shutdown continues
4th Oct 2013 08:36
Markets look to end the week on a quiet note with stocks lacking direction in the absence of the all-important US jobs report; the FTSE 100 fell slightly in the red on Friday morning. Since the partial shutdown of the US government has extended into its fourth day, governmental agencies and departm
Read moreLondon pre-open: FTSE to track US markets lower
4th Oct 2013 07:35
City sources predict the FTSE 100 will open around 20 points lower than yesterday's close of 6,449.04, tracking US markets which finished around one per cent lower on Thursday as the government shutdown entered its third day. Markets are hoping that Congress will agree to raise the $16.7tn debt li
Read moreTate & Lyle profits down in second quarter due to US softness
4th Oct 2013 07:14
Sweeteners and food ingredients group Tate & Lyle said that adjusted operating profits in the second quarter were in line with expectations but slightly below last year due to softness in the US beverage sector. The company said this was as a result of the cold spring and slow start to the summer
Read moreFriday preview: Tate & Lyle to report half-year results
3rd Oct 2013 14:39
British multinational agribusiness Tate & Lyle will on Friday issue a trading update for the half year to end of September. Ahead of the FTSE 100 company's results, Investec said it was facing headwinds in the form of adverse foreign exchange movements and trouble in Mexico. Tate, which provides s
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