Broker tips: Tesco, Wood Group, Tate & Lyle
30th May 2013 10:55
JPMorgan Cazenove has downgraded its rating for supermarket giant Tesco from 'overweight' to 'neutral' and slashed its target price from 425p to 390p, saying that sector fundamentals are weighing on the investment case. The broker said that the basis for its move was to be "more consistent with ou
Read moreBroker snap: Tate & Lyle a 'buy' after full-year beat, says Canaccord
30th May 2013 10:53
Canaccord Genuity has reiterated its 'buy' rating and 900p target price for food ingredients and sweeteners group Tate & Lyle after the company's forecast-beating results and year-to-date underperformance. The broker said that Tate's full-year earnings are some 3.0% ahead of its forecasts due to be
Read moreLondon open: Stocks rise after heavy sell-off
30th May 2013 08:27
Markets opened slightly higher on Thursday morning after falling to a two-week low the day before as concerns about the global economy continue to unnerve investors. The FTSE 100 slumped 2.0% on Wednesday after the OECD slashed its global growth estimates and the International Monetary Fund reduced
Read moreThursday broker round-up UPDATE
30th May 2013 08:19
AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating. Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating. Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation. C
Read moreTate & Lyle sweetened by speciality ingredients gain - UPDATE
30th May 2013 07:06
Tate & Lyle dished out a tasty set of full-year results, sweetened by strong growth at its core speciality ingredients arm. Although statutory profits fell, the group grew underlying operating profits 4.0%, marginally ahead of analyst expectations, to £358m in the year to end March. Speciality foo
Read moreThursday preview: Tate & Lyle to report annual sales growth
29th May 2013 14:19
Food and sweetener company Tate & Lyle is expected to deliver solid sales growth in its annual results Thursday. In a trading update ahead of its results for the year ended March 31st 2013, the company said it has performed strongly driven by its speciality food ingredients (SFI) division. Jefferi
Read moreFTSE 100 movers: United Utilities rises on divi payment
23rd May 2013 15:26
United Utilities was one of a small handful of risers having upped its dividend on the back of what it described as a 'good' set of results, supported by a strong operational performance, which fed through to the quality of service received by its customers. Tate & Lyle climbed after Deutsche Bank
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreLondon close: FTSE 100 hits new multiyear highs after US data
17th May 2013 16:29
The FTSE 100 rallied in afternoon trade after some better-than-expected economic data from the States, pushing the index to new five-and-a-half-year highs. A strong surge so far this month has now lifted London's equity benchmark to within touching distance of the 2007 high of 6,751. The Footsie ha
Read moreSector movers: Food stocks fall on readacross from sugar giant Suedzucker
17th May 2013 14:39
A gloomy outlook from Europe's largest sugar producer saw food manufacturing stocks in the UK slump on Friday afternoon. Following record results in the 12 months to February 28th 2013, Germany-headquartered Suedzucker, which produces nearly five million tonnes of sugar a year, warned that profits
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreTuesday broker round-up UPDATE
2nd Apr 2013 08:28
Afren: Liberum Capital shifts target price from 123p to 130p maintaining a hold recommendation. Amara Mining: Numis initiates with a target price of 80p and a buy recommendation. APR Energy: Espirito Santo downgrades to sell with a target price of 680p. ASOS: Goldman Sachs increases target price
Read moreLondon close: Stocks edge higher ahead of long Easter weekend
28th Mar 2013 16:43
Stocks finished moderately higher on Thursday, though gains were trimmed in afternoon trade as traders scaled back risk appetite ahead of a long four-day weekend for the Easter holidays. Meanwhile, continuing concerns over the Eurozone kept markets on their toes today, as political uncertainty in I
Read moreFTSE 100 movers: Mining companies slide down the index
28th Mar 2013 14:39
Tate & Lyle's stock was up as the food and sweetener giant reported 'solid sales' ahead of its annual results. The group has performed strongly in the year ended March 31st 2013, particularly in its speciality food ingredients division, according to a trading statement. InterContinental Hotels G
Read moreLondon midday: Stocks advance as Cyprus re-opens banks
28th Mar 2013 11:42
After a shaky start, the FTSE 100 was making decent gains by Thursday lunchtime ahead of a raft of economic data from the States later on, as sentiment was lifted by the reopening of banks in Cyprus. Nevertheless, gains are expected to moderate as traders refrain from building big positions ahead o
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