London 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 moreTate & Lyle non-exec ups stake by 5,000 shares
17th Dec 2012 16:18
Anne Minto, a non-executive director of Tate & Lyle purchased 5,000 ordinary shares in the sweeteners and food products group on Monday. Minto, who has held senior management roles at several FTSE 100 firms including Centrica, Shell and Smiths Group, currently works as a member of the audit, nomina
Read moreLondon close: Stocks rally on 'fiscal cliff' optimism
10th Dec 2012 16:39
- Obama-Boehner meeting sparks optimistic mood - Italian PM steps down - Economic data from Asia comes in mixed Optimism that US law-makers can agree over the impending 'fiscal cliff' managed to offset concerns regarding political uncertainty in Italy, with the FTSE 100 rallying to finish with smal
Read moreFTSE 100 movers: AB Foods and Tullow Oil lead the risers
10th Dec 2012 14:44
Primark and food products giant Associated British Foods was the high riser on the Footsie on Monday afternoon, extending gains after Friday annual general meeting at which it revealed a strong start t o the new financial year. Oil group Tullow Oil was performing well today, rebounding after its re
Read moreLondon midday: Markets hit by resignation of Italian PM
10th Dec 2012 11:24
- Italian PM Monti to resign - Japan in recession - Greece extends buy-back offer Stock markets reacted to Mario Monti's resignation with moderate losses on Monday, as the departure of Italy's Prime Minister throws up another curve ball in the ongoing Eurozone debt crisis. Benchmarks across Europe
Read moreBroker tips: Resolution, Tate & Lyle, AZ Electronic Materials
10th Dec 2012 11:22
Prime Markets has labelled insurance giant Resolution as a 'buy', following Monday's announcement that it is nearing the final stretch of its simplified governance structure. The broker said that, having touched 190p in late June, Resolution is looking like an "increasingly solid recovery play" wit
Read moreBroker snap: Investec reiterates 'buy' rating for Tate & Lyle
10th Dec 2012 09:36
Investec has reiterated its 'buy' rating and 850p target price for sweeteners and food products group Tate & Lyle, saying it was impressed by last week's investor seminar in Chicago. Analyst Martin Deboo said that the key takeaways from the meeting were "innovation and collaborative capabilities, p
Read moreLondon midday: Markets cautious ahead of US jobs report
7th Dec 2012 11:45
The FTSE 100 was trading within a tight range on Friday morning as caution set in ahead of the eagerly-anticipated US employment report later today. However, providing a drag on sentiment this morning was newsflow from Germany: the Bundesbank now expects just 0.4% growth in the economy next year, d
Read moreLondon open: Stocks flat after Germany trims growth forecasts
7th Dec 2012 08:28
The FTSE 100 opened broadly flat on Friday following two consecutive days of gains after Germany reduced its economic growth expectations for next year. "Germany's Bundesbank cutting the country's 2013 GDP forecast [...] has taken the shine off the earlier support provided by firm sessions in Asia
Read moreLondon pre-open: FTSE to track US stocks modestly higher
7th Dec 2012 07:31
City sources predict the FTSE 100 will open up 11 points from yesterday's close of 5,901, tracking reasonable gains seen in the US overnight. Attentions will now turn to Friday's US jobs report, which is expected to show a 90,000 gain in non-farm payrolls in November, significantly lower than the
Read moreTate & Lyle reduces pension risk
7th Dec 2012 07:08
Sweeteners and food products giant Tate & Lyle has agreed to a 347m-pound partial pensioner buy-in which covers nearly half of its total pensioner liabilities. The firm said that the trustee of the its group pension scheme has made the agreement with financial services giant Legal & General about t
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