London open: Stocks extend gains after strong performance in January
1st Feb 2013 08:29
Markets were performing well in early trading on Friday, extending gains made last month, ahead of the all-important jobs report in the US this afternoon. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. However, as Joe Rundle, head of trading at ETX Cap
Read moreLondon pre-open: FTSE to open higher
1st Feb 2013 07:27
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 6,277, having enjoyed its best January since 1989, despite suffering its worst day of 2013 on Thursday. US markets ended the day lower on Thursday, reducing the overall gains seen in January, after initial jobless cl
Read moreTate & Lyle battling against high corn prices - UPDATE
1st Feb 2013 07:07
Sweeteners and food products group Tate & Lyle said that third-quarter profits, while lower than they were last year, were in line with its expectations. However, the company did warn about the elevated levels of volatile corn prices and the impact of the hot summer last year. The company said tha
Read moreFriday preview: Spotlight on BT Group and Tate & Lyle
31st Jan 2013 15:07
All eyes will be on BT Group and Tate & Lyle on Friday as the FTSE 100 companies post financial results. British telecommunications company BT Group is expected to report a steady set of numbers when it unveils its third-quarter statement. Analysts at Liberum Capital predict revenues excluding tr
Read moreLondon close: FTSE 100 edges closer to 6,300 after recent strong run
28th Jan 2013 16:58
Improving newsflow in China and some better-than-expected economic data from the US helped the FTSE 100 come close to the 6,300 barrier on Monday, a level not seen since mid-2008. "What seems to be an unrelenting grind higher has continued today, with fund manager's chatter of the big rotation bein
Read moreLondon midday: Markets trading within narrow range
28th Jan 2013 11:33
London's benchmark index, the FTSE 100, was pausing for a breather on Monday morning with markets cautious ahead of a busy week. The index was trading within a narrow range over the course of the morning, with just 10 points separating its intraday high (6,289) and low (6,279). Economic data from
Read moreBroker tips: SSE, GKN, Tate & Lyle
28th Jan 2013 11:30
Despite SSE underperforming the wider UK utility sector on the news that its Chief Executive Officer (CEO) is leaving, Credit Suisse has kept its 'outperform' recommendation for the shares, saying that value-creation is expected to continue. Credit Suisse said it expects no change in the SSE busine
Read moreBroker snap: Investec downgrades Tate & Lyle ahead of Q3 results
28th Jan 2013 09:23
Investec has cut its rating for sweeteners and food products group Tate & Lyle from 'buy' to 'hold' after reducing its forecasts ahead of the group's third-quarter results, saying it's time to 'pause for a breather' after a decent run. The broker said it's been "quite a ride" at Tate, as the speed
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreWednesday tips round-up: Tate&Lyle, Cairn Energy, Severn Trent
23rd Jan 2013 06:54
The name of Tate&Lyle ought perhaps to be changed, argues The Times's Tempus on Wednesday morning. This is because with each passing day traditional sugar is less and less what it does. Thus, about 55% of profits now come from Specialty Food Ingredients (SFI), mainly sweeteners and starches, that go
Read moreLondon close: Markets flat after choppy session
22nd Jan 2013 16:32
Stock markets finished more or less flat on Tuesday afternoon after a volatile session, in which investors digested policy announcements in Japan and mixed newsflow in Germany. "A rather choppy morning session in Europe gave way to a rather more sedate afternoon session as US traders returned to th
Read moreFTSE 100 movers: Fresnillo dragged lower by fourth quarter results
22nd Jan 2013 15:12
Precious metals miner Fresnillo was a heavy faller after fourth quarter gold production came in 20.6 per cent lower than 2011. This stood in stark contrast to full year output, which totalled 473,034 ounces, up 5.4 per cent year-on-year and above the 460,000-ounce target. Sector peer Polymetal was a
Read moreBroker snap: Credit Suisse raises target on Tate&Lyle
17th Jan 2013 15:36
On Thursday Swiss broker Credit Suisse decided to increase its price target on the shares of Tate&Lyle (T&L) following the impending finish of the annual price negotiations between the corn wet milling industry and its customers (mainly the beverage companies). The annual high fructose corn syrup (
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreThursday broker round-up UPDATE
10th Jan 2013 07:10
Afren: Morgan Stanley takes target price from 215p to 220p and reiterates an overweight rating. Alent: Bank of America starts with a target price of 370p and a buy recommendation. Associated British Foods: Goldman Sachs moves its target price from 1160p to 1190p and maintains a sell rating. AVEVA
Read more