Tate and Lyle offloads share of Colombian JV
20th Apr 2012 07:20
Sweeteners giant Tate and Lyle has reached agreement to sell its half-share in Sucromiles, its Colombian citric acid joint venture, to its long-standing partner in this business, Organización Ardila Lülle. Tate & Lyle sold its share for a total cash consideration of $31.5m (around £19.6m). Followi
Read moreWednesday broker round-up - UPDATE
4th Apr 2012 08:16
BSkyB: Jefferies maintains hold recommendation and 700p target. BTG: Jefferies raises target from 345p to 410p, buy recommendation kept. Diageo: Nomura reiterates neutral rating and 1,520p target. International Power: Investec maintains buy recommendation. ITE Group: Investec keeps buy rating.
Read moreLondon midday: Stocks rise as eyes turn to Eurozone meeting
30th Mar 2012 11:42
- Investors keep a close eye on meeting in Copenhagen - Eurozone inflation falls but still high - Miners lead the rise by lunchtime The Footsie was making decent gains by Friday lunchtime, snapping a three-day losing streak, as Eurozone ministers meet in Copenhagen to discuss a potential increase i
Read moreFriday broker round-up
30th Mar 2012 10:12
Cranswick: Investec lifts target to 870p and remains a buyer; Peel Hunt ups target from 750p to 800p, hold rating kept. Electrocomponents: Peel Hunt raises target from 180p to 225p but maintains sell recommendation. ENRC: Nomura slashes target from 750p to 700p and keeps reduce stance. FirstGroup
Read moreLondon open: Stocks rise ahead of Eurozone meeting
30th Mar 2012 08:33
- Footsie up before finance ministers meet - Greek PM doesn't rule out third bailout - Miners rise strongly after recent fall London's blue chips started strongly on Friday following a three-day decline for the FTSE 100, with miners leading the way tracking metals prices higher. Eyes are on the E
Read moreLondon pre-open: Stocks to open up ahead of Eurozone meeting
30th Mar 2012 07:34
City sources predict the FTSE 100 will open up 38 points from yesterday's close of 5,742, as market sentiment grows ahead of today's meeting of Eurozone finance ministers who will discuss whether or not to increase the region's bailout fund. Sweeteners giant Tate and Lyle said trading in the final
Read moreMore of the same from Tate and Lyle
30th Mar 2012 07:05
Sweeteners giant Tate and Lyle said trading in the final quarter of its financial year has been in line with expectations, consolidating a good performance for the year. In Speciality Food Ingredients, Tate & Lyle (T&L) has achieved good sales value growth with volume growth across all major produc
Read moreBroker tips: Tate and Lyle, Petropavlovsk, TUI Travel
29th Mar 2012 11:33
Investec has maintained its sell rating for sugar and sweeteners group Tate and Lyle but raised its target price for the stock from 610p to 640p ahead of tomorrow's fourth quarter trading update. Analyst Martin Deboo said that "[we are] expecting little drama and are soft-pedalling our sell case at
Read moreBroker snap: Investec sweetens target for Tate and Lyle
29th Mar 2012 11:18
Investec has maintained its sell rating for sugar and sweeteners group Tate and Lyle but raised its target price for the stock from 610p to 640p ahead of tomorrow's fourth quarter trading update. Analyst Martin Deboo said that "[we are] expecting little drama and are soft-pedalling our sell case at
Read moreThursday broker round-up - UPDATE
29th Mar 2012 09:29
Advanced Medical Solutions: Investec upgrades from hold to buy, target lift at 97p. Antofagasta: UBS downgrades from neutral to sell, target cut from 1,150p to 1,050p. Aquarius Platinum: UBS cuts target from 160p to 155p, neutral rating unchanged. BHP Billiton: UBS cuts target from 2,600p to 2,50
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
Read moreLondon close: Stocks drop as protests to Greece's austerity deal intensify
10th Feb 2012 17:01
- Another Greek minister resigns. - Miners drag Footsie lower as copper prices fall. - Barclays pares gains as profits drop. Stocks finished the session at their lowest levels of the day as the political situation in Greece took a turn for the worse with another minister handing in her resignation
Read moreFTSE 100 movers: Barclays rises despite falling profits
10th Feb 2012 13:32
Barclays was topping the risers despite reporting falling profits and revenues in 2011. Of note, the bonus pool at Barclays Capital, its underperforming investment banking arm, was cut by 32%. Critically, however, the lender raised its dividend. That may have raised confidence in the lender´s abilit
Read moreLondon close: Stocks rise on Greek deal and QE
9th Feb 2012 16:37
- Greek deal agreed, says PM's office. - BoE boosts QE by £50bn. - ECB keeps rates on hold. Stocks were given a boost in afternoon trade on news that Greek leaders had come to an agreement over an austerity package. However, gains were trimmed late on as investors began to assess the very limited d
Read moreFTSE 100 Movers: Tate and Lyle leaves sour taste
9th Feb 2012 12:41
It has been a busy day for results from FTSE 100 heavyweights and the reception for most of them was far from warm. Sweeteners manufacturer Tate & Lyle became the biggest faller among Footsie constituents after reporting a mixed performance in the third quarter, with subdued volume growth in severa
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