London 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
Read moreBroker tips: Vodafone, Hargreaves, Tate & Lyle
9th Feb 2012 12:26
Nomura has reiterated its buy recommendation and 230p target price for telecoms giant Vodafone despite the firm's second quarter organic revenue growth coming in below expectations. Nevertheless, the group maintained its previous guidance for adjusted operating profits and free cash flow. "It may s
Read moreLondon midday: Stocks hold on to gains as BoE boosts QE
9th Feb 2012 11:45
- BoE boosts QE by £50bn. - Greek leaders clash heads over pensions. - Oil stocks provide a lift to the Footsie. The Footsie held on to moderate gains by lunchtime as the Bank of England announced further stimulus measures to boost the UK economy. Earlier optimism over a draft Greek deal seems to h
Read moreBroker snap: Panmure sweetens target for Tate & Lyle
9th Feb 2012 11:43
In spite of the negative market reaction to Tate & Lyle's third quarter trading update on Thursday, Panmure Gordon has raised its target price for the stock from 645p to 690p, saying that there is "better visibility now on fiscal 2013". Panmure Gordon says that the sweeteners group's statement was
Read moreThursday broker round-up - UPDATE
9th Feb 2012 09:16
Homeserve: Credit Suisse raises target price to 275p from 250p, stays at neutral. Reckitt Benckiser: Credit Suisse reiterates outperform. BHP Billiton: Credit Suisse retains outperform. Tate & Lyle: Panmure Gordon raises target from 645p to 690p, hold rating kept; JP Morgan reiterates underweigh
Read moreLondon open: Stocks rise after Greek draft deal
9th Feb 2012 08:19
- Stock nudge higher after Greece drafts agreement. - BG leads oil stocks higher. - Hagreaves, Rio, Rolls-Royce, British Land, Diageo, Tate & Lyle fall after updates. It was a cautious start for the Footsie as stocks edged higher in early trading after Greece's political leaders pushed through a dr
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