FTSE 100 movers: Tesco shares continue to fall
4th Oct 2012 16:17
Tesco shares continued to fall on Thursday, following a disappointing set of second quarter results from the supermarket giant the previous day. Knocking investor sentiment further was broker Exane BNP Paribas, which cut its targe on the stock from 325p to 300p, and maintained its underperform ratin
Read moreBroker tips: Tate and Lyle, Halfords, FirstGroup
4th Oct 2012 12:02
Credit Suisse has raised its recommendation for sweeteners and food products group Tate and Lyle from 'neutral' to 'outperform' and raised its target price from 700p to 750p despite leaving its forecasts unchanged. Credit Suisse said: "Tate has spent a few years getting its house in order, disposin
Read moreLondon midday: Stocks edge higher as BoE holds rates
4th Oct 2012 11:47
- Middle-East tensions dampen sentiment - BoE holds rates; ECB decision eyed - Investors await US jobless claims After swinging into negative territory briefly, the FTSE 100 was back above water by Thursday lunchtime ahead of interest rate decisions in the UK and Europe. Meanwhile, investors were s
Read moreBroker snap: Credit Suisse upgrades Tate and Lyle to 'outperform'
4th Oct 2012 08:59
Credit Suisse has raised its recommendation for sweeteners and food products group Tate and Lyle from 'neutral' to 'outperform' and raised its target price from 700p to 750p despite leaving its forecasts unchanged. The broker highlighted that the current financial year (ending March 2013) has £40m
Read moreLondon open: Stocks gain ahead of central bank announcements
4th Oct 2012 08:23
- Investors await BoE and ECB decisions, FOMC minutes - Tate & Lyle jumps after Credit Suisse upgrades - Halfords appoints new CEO after strong Q2 European stock markets have opened with moderate gains ahead of what is likely to be a busy day on the economic front, with rate decisions due out from
Read moreThursday broker round-up - UPDATE
4th Oct 2012 07:57
BHP Billiton: Morgan Stanley cuts target from 2,180p to 2,100p, overweight rating kept. BTG: Deutsche Bank raises target from 384p to 394p, buy rating kept. Capita: Panmure Gordon keeps hold rating and 620p target. Carillion: Seymour Pierce keeps buy rating and 395p target; Panmure Gordon maintai
Read moreLondon close: Back in the blue ... just
27th Sep 2012 16:38
Having briefly broken above 5800 shortly after the start of trading, on the back of news of stimulus measures in China, the top share index move into negative territory in the afternoon session, before rallying near the close. The stock market is not the only thing back in the blue It was revealed
Read moreFTSE 100 movers: Tate & Lyle rises on positive update
27th Sep 2012 14:50
Sweeteners group Tate & Lyle rose after it said first half adjusted operating profit will be similar to last year's level, in line with expectations. The group said it saw an improved performance in the second quarter in its Speciality Food Ingredients business. Anglo American was also on the rise
Read moreLondon midday: Rally revives after GDP data
27th Sep 2012 11:53
Footsie was close to squandering the gains it won in a bright start until better than expected UK gross domestic product figures came to the market's rescue. Second quarter gross domestic product contracted at a 0.4% quarter-on-quarter rate of change, a revision to the previous estimate of a 0.5% d
Read moreLondon open: Chinese central bank lends a hand
27th Sep 2012 08:23
Miners are back in fashion today and driving Footsie higher, as investors venture back into the market following yesterday's shake-out. Reports that China's central bank has pumped record amounts of liquidity into the banking system sent the Shanghai and Hong Kong stock markets into overdrive overn
Read moreLevel helping of profits at Tate & Lyle
27th Sep 2012 08:05
First half profits will be level rather than heaped at sweeteners firm Tate & Lyle (T&L). "Overall, we expect to report adjusted operating profit for the group for the first half in line with our expectations and the prior year period, which benefited from an exceptionally strong performance from c
Read moreLondon pre-open: FTSE to edge higher ahead of GDP reading
27th Sep 2012 07:29
City sources predict the FTSE 100 will open up 29 points from yesterday's close of 5,768, regaining some of Wednesday's lost ground ahead of the latest UK GDP figure out today. Yesterday saw stock markets all over the world retreat as investors fretted about Spain's negotiations over bailout terms
Read moreTate & Lyle in line
27th Sep 2012 07:01
Sweeteners group Tate & Lyle said first half adjusted operating profit will be similar to last year's level, in line with expectations. The group said it saw an improved performance in the second quarter in its Speciality Food Ingredients business. Within Bulk Ingredients, operating profit is expe
Read moreWednesday broker round-up
8th Aug 2012 09:57
AstraZeneca: Jefferies raises target from 2,975p to 3,100p, hold rating kept. Avon Rubber: Investec reiterates hold rating and 315p target. BTG: Jefferies maintains hold rating and 410p target. Cobham: Jefferies reiterates buy recommendation and 230p target; Investec keeps sell rating and 200p ta
Read moreLondon midday: Stocks jump after Draghi comments
26th Jul 2012 11:43
- Draghi pledges to do whatever it takes - Greece still on investors' minds - Markets digest a ton of results After a pretty flat start on the back of a flurry of mixed corporate earnings in London, the Footsie rocketed in late morning after some comments from the European Central Bank (ECB) Presid
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