Broker tips: Tate & Lyle, Sainsbury, Compass
20th Sep 2013 12:07
Shares in food and sweeteners manufacturer Tate & Lyle were falling heavily on Friday morning after the stock's rating was cut by Credit Suisse from 'outperform' to 'neutral'. The bank said its greatest concerns is a proposal in Mexico to tax soft drinks which would cut demand the group's high-fru
Read moreLondon midday: Stocks pause ahead of German elections
20th Sep 2013 11:36
Stocks were trading broadly flat by Friday lunchtime as markets paused for breath in the aftermath of the Federal Reserve's surprise decision not to taper quantitative easing, though upside was limited ahead of the German elections this weekend. After a weak start, the FTSE 100 was more or less unc
Read moreBroker snap: Tate & Lyle hit by Credit Suisse downgrade
20th Sep 2013 09:12
Shares in food and sweeteners manufacturer Tate & Lyle were falling heavily on Friday morning after the stock's rating was cut by Credit Suisse from 'outperform' to 'neutral'. The bank said: "There is a lot to like about the long-term story at Tate & Lyle - better managed, better and improving mix
Read moreLondon open: Markets pull back as post-Fed rally fades
20th Sep 2013 08:17
Markets pulled back on Friday morning after a sharp rise the day before in the aftermath of the Federal Reserve's surprise decision not to taper quantitative easing. The FTSE 100 slipped slightly in early trade, falling 0.1% to 6,617, retreating after a 1% jump pushed it to 6,625.39 on Thursday. S
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreLondon close: Markets trim losses to finish flat
13th Sep 2013 16:34
The FTSE 100 trimmed losses on Friday afternoon but markets still finished broadly flat as traders scaled back risk appetite ahead of the weekend with the focus now turning to the Federal Reserve meeting next week. London's benchmark index closed down just 5.18 points at 6,583.80, pulling back slig
Read moreFTSE 100 movers: ITV, Tate & Lyle, Reckitt Benckiser
13th Sep 2013 14:14
ITV was the top riser after Nomura raised its target price from 170p to 200p and reiterated a 'buy' rating for the stock. The broker said that a continuing improvement in the UK economic outlook prompted it to raise its ad forecasts for 2013 and 2014. Tate & Lyle jumped after analysts at Berenberg
Read moreBroker snap: Tate & Lyle rises after Berenberg rejects sucralose fears
13th Sep 2013 13:36
Tate & Lyle shares rose Friday after analysts at Berenberg said fears about falling sucralose prices were overdone. The shares were up 1.5% at 794.50p at 14:55 in London, making Tate & Lyle the third-strongest gainer in the FTSE 100 index. The analysts said they had spoken to a former chief procur
Read moreFTSE 100 movers: BG falls after warning on Egypt
9th Sep 2013 18:29
Oil and gas group BG was a heavy faller today after lowering its 2014 production milestones due to the instability in Egypt, delays to the start-up of production in Norway and low natural gas prices in the US. Food ingredients peer and retail group Associated British Foods was also lower despite s
Read moreLondon close: BG Group drags FTSE 100 lower, Syria concerns weigh
9th Sep 2013 17:44
The FTSE 100 dropped into the red on Monday, pulling back after hitting a three-week high the previous session, as heavy falls from natural gas giant BG Group and ongoing concerns about Syria pressured stocks lower. London's benchmark index finished 16.59 points lower at 6,530.74, falling 0.25% fro
Read moreLondon midday: Stocks hit by Syria concerns, BG Group drops
9th Sep 2013 11:29
Markets shrugged off improving economic data from Asia on Monday morning with stocks falling into the red on concerns over a potential Western military intervention in Syria. Syria will be in firm focus this week ahead of a vote by US Congress over whether or not to proceed with a military attack a
Read moreBroker tips: BG Group, AB Foods, Tate & Lyle
9th Sep 2013 11:03
Investec has placed its estimate for BG Group under review and maintained its negative stance on the stock after the natural gas firm scaled back its production guidance for next year. "We expect to cut our forecasts by 3-4%. Despite strong earnings and cash flow growth, on our current forecasts BG
Read moreMonday broker round-up UPDATE
9th Sep 2013 10:42
Associated British Foods: Panmure Gordon cuts target price from 2100p to 2075p, while leaving its buy recommendation unchanged. Investec places its target price (prev.: 1930p) under review keeping a hold recommendation. Aviva: Morgan Stanley increases target price from 403p to 445p and maintains an
Read moreBroker snap: UBS downgrades Tate & Lyle on lofty valuation
9th Sep 2013 09:10
Sugar and food group Tate & Lyle (T&L) was in the red on Monday morning after UBS downgraded the firm from 'neutral' to 'sell', saying that the share price is currently too expensive. The Swiss bank said that the stock's valuation is overly high and does not reflect that "sucralose prices continue
Read moreLondon open: Syria, taper uncertainty weigh on stocks
9th Sep 2013 08:26
Markets opened broadly lower on Monday morning as improving data from Asia was offset by continuing concerns over tensions in Syria. With the economic data calendar for Europe and the US looking pretty thin for Monday, investors are likely to focus on figures from China where trade and inflation nu
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