Tate & 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
Read moreLondon close: Losses erased after 'optimistic' fiscal cliff comments
28th Nov 2012 16:43
Comments from US Republican Speaker of the House John Boehner about the 'fiscal cliff' saw the FTSE 100 rally in afternoon trading to finish broadly flat. Markets got off to a poor start this morning after Nevada Democrat Harry Reid said that "little progress" has been made so far on avoiding the f
Read moreFTSE 100 movers: Bunzl falls on reduced price target
28th Nov 2012 14:44
Bunzl shares took a hit after Citigroup cut its target price from 1,250p to 1,190p, and kept a neutral rating. AMEC, Johnson Matthey, National Grid and Tate & Lyle were also registering losses today after going ex-dividend. Medical technology group Smith & Nephew fell after announcing that it is
Read moreLondon midday: 'Fiscal cliff' concerns dampen markets
28th Nov 2012 11:41
- Comments from Harry Reid weigh on sentiment - Intel rumoured to be interested in ARM - Ex-div stocks provide a drag The FTSE 100 was trading firmly in the red on Wednesday, tracking US stocks lower overnight as the market's focus turns from Greece to the US 'fiscal cliff'. The main US equity ben
Read moreLondon open: Stocks fall as focus turns to 'fiscal cliff'
28th Nov 2012 08:31
UK stocks slipped in early trading on Wednesday, tracking US markets lower, as focus turned to the impending US 'fiscal cliff'. "European equities are trading lower this morning being pressured by a late sell-off in the US yesterday evening on fears that so far there has been too little progress be
Read moreLondon close: Late rally not enough as stocks finish lower
9th Nov 2012 16:42
- Uni of Michigan confidence index rise beats forecasts - Chinese data offset by Greek concerns - Footsie finishes lower, but well off intraday lows After steep falls for most of the session, UK stocks picked up in afternoon trade to finish only slightly lower by the close after a reading of US con
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