Broker 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
Read moreTate & Lyle reports mixed Q3 but remains on track
9th Feb 2012 07:15
Sweeteners manufacturer Tate & Lyle says it remains on track for a "good performance" in the full-year ending March 31st, in spite of its third quarter statement reporting pretty mixed trading. In Speciality Food Ingredients, the firm saw steady sales growth but the rate of volume growth was, as ex
Read moreFriday broker round-up - UPDATE
16th Dec 2011 08:56
Shanks Group: Goldman Sachs downgrades to neutral from buy. Man Group: Deutsche Bank downgrades to sell from buy. BSkyB: Bank of America-Merrill Lynch downgrades to neutral from buy, cuts target to 770p from 800p. Carnival: HSBC upgrades to overweight from neutral. BP: Evolution Securities reit
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreMonday broker update: Smith&Nephew, IAG, Tate&Lyle -UPDATE
7th Nov 2011 09:19
Taylor Wimpey: Peel Hunt keeps at sell. XChanging: Peel Hunt stay at sell. Tullet Prebon: Singer Capital keeps at buy. Bovis Homes: Panmure Gordon stays at hold. Rotork: Panmure Gordon upgrades to buy from hold. Lonrho: Panmure Gordon keeps at buy. Hammerson: Panmure Gordon keeps at buy. Smi
Read moreUPDATE: Digital Look broker talk
4th Nov 2011 09:23
Royal Bank of Scotland: "The Q3 figures are very similar to expectations, with no negative surprises. The strengthening of the balance sheet has continued...However, the longer-term challenges remain" [Nomura]. Royal Bank of Scotland: "Despite the endless additional political and regulatory roadblo
Read moreLondon close: Company updates impress, Euro-crisis rages on
3rd Nov 2011 16:36
The Footsie finished near its highest levels of the day on hopes that the Greek referendum will be cancelled. Nevertheless, it was a busy day for investors with rumours in the Eurozone dominating the swings in the market throughout the session, and the European Central Bank revealing a surprise deci
Read moreFTSE 100 movers: Updates broadly impress, Tate & Lyle jumps
3rd Nov 2011 16:03
Tate & Lyle jumped over 5% higher after reporting stronger-than-expected first half results with adjusted pre-tax profits of £180m. The sweeteners group said the numbers, which were 10% ahead of what analysts expected, came as a result of strong demand across a number of markets. Panmure Gordon rais
Read moreBroker snap: Citi reiterates neutral rating for Tate & Lyle
3rd Nov 2011 14:41
Citi has kept its neutral stance on FTSE 100 sweeteners firm Tate & Lyle but highlighted the firm's strong first half. Operating profits of £194m were well ahead of Citi's forecast of £181m, while earnings per share came in 8% ahead. Also, the broker estimates that consensus forecasts could be incr
Read moreBroker tips: Tate & Lyle, Homeserve, St James's Place
3rd Nov 2011 12:41
Panmure Gordon has raised its target price for sweeteners firm Tate & Lyle from 615p to 645p after the group's first half profits beat expectations. Pre-tax profit rose by 38% from £136m to £180m, ahead of consensus estimates of £163m. As such, Panmure's pre-tax profit forecasts for the current y
Read moreBroker snap: Panmure ups numbers at Tate & Lyle
3rd Nov 2011 12:40
Panmure Gordon has raised its target price for sweeteners firm Tate & Lyle from 615p to 645p after the group's first half profits beat expectations. Pre-tax profit rose by 38% from £136m to £180m, ahead of consensus estimates of £163m. "The out-performance is due to sucralose volumes being even b
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