London midday: Back in the blue, Tate & Lyle leads the rise
3rd Nov 2011 12:10
The Footsie was back in the blue by midday after an up-and-down morning, as investors keep a close eye on developments in the Eurozone. However, dampening sentiment closer to home has been a study by National Institute of Economic and Social Research (NIESR) which suggested that the UK economic fa
Read moreTate & Lyle reports sweet first half
3rd Nov 2011 12:00
Tate & Lyle reported 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. Sales were up 19% to £1.54bn. The firm announc
Read moreUPDATE: Thursday broker round-up
3rd Nov 2011 09:03
Tate & Lyle: Panmure Gordon raises target from 615p to 645p, keeps hold rating. Marks&Spencer: Credit Suisse cuts target to 345p from 390p, stays at neutral. Next: UBS ups target from 2,600p to 2,800p, buy recommendation unchanged. St. James's Place: UBS downgrades from buy to neutral, target red
Read moreUPDATE: Tuesday broker round-up
1st Nov 2011 09:33
Man Group: Credit Suisse reiterates outperform rating and 235p target. Barclays: UBS downgrades from buy to neutral, target raised from 208p to 215p. Barclays: Investec keeps buy rating and 330p target. Legal & General: Nomura keeps buy rating and 180p target. Legal & General: Investec keeps sel
Read moreUPDATE: Thursday broker round-up
13th Oct 2011 09:42
Logica: RBS raises target from 110p to 115p and keeps buy rating. F&C Asset Management: RBS cuts target from 72p to 65p, hold rating maintained. Henderson: RBS scales back target from 183p to 170p, but keeps buy recommendation. Anglo American: Credit Suisse maintains neutral rating and 3,500p tar
Read moreUPDATE: Thursday broker round-up
6th Oct 2011 09:28
Intermediate Capital: RBS cuts target from 405p to 360p, buy rating maintained. EasyJet: Credit Suisse upgrades to overperform from neutral. RyanAir: Credit Suisse upgrades to overperform from neutral. Tesco: Credit Suisse reiterates overperform with target at 500p. Tesco: Evolution Securities
Read moreFTSE 100 Movers: Tate & Lyle sweeten its way to the top
29th Sep 2011 14:42
Sweeteners group Tate & Lyle was leading the way up after announcing that it expects to perform in line with expectations over the full year after a strong performance in the six months to 30 September. In the speciality food ingredients division, corn-based speciality sweetener and starch volumes
Read moreLondon open: Stocks fall back as euro saga drags on
29th Sep 2011 08:24
Stocks have fallen back in early dealings amid continuing edginess over the Eurozone crisis. All eyes are on the German Bundestag as lawmakers vote on an expansion of the Eurozone bailout fund. Sweeteners group Tate & Lyle is in demand after saying it expects to perform in line with expectations
Read moreLondon pre-open: Weaker trend to continue
29th Sep 2011 07:19
Yesterday's late dive is set to continue this morning with City sources predicting the FTSE 100 will open down almost 90 points from yesterday's close of 5,281. Investors are banking some of their recent profits ahead of today's vote in the German Bundestag on the Eurozone bailout fund. Food ingr
Read moreOutlook stays sweet for Tate & Lyle
29th Sep 2011 07:12
Sweeteners group Tate & Lyle expects to perform in line with expectations over the full year after a strong performance in the six months to 30 September. In the speciality food ingredients division, corn-based speciality sweetener and starch volumes grew in line with the market, the firm said. I
Read moreFTSE 100 Movers: Banks suffer while miners do well
15th Aug 2011 11:47
BP saw a rise despite announcing that its growth could be hampered because it "cannot find skilled workers". With the price of silver on the up it was no surprise to see that precious metals miner Fresnillo was performing well, topping the board at almost 5%. It was a similar story for Kazakhmy
Read moreFriday tips round-up: Reed Elsevier, Glencore, BAE
29th Jul 2011 06:34
Publishing and exhibitions business, Reed Elsevier's full-year results in February were pretty flat, indicating that further recovery would be gradual. First-half figures confirm this. The shares sell on an unexciting 12 times this year's earnings ? although as one analyst pointed out, their defensi
Read moreLondon close: Late rally lifts stocks
28th Jul 2011 16:41
Stocks finished in positive territory after a choppy day, with US economic data helping to spark a late rally. Weekly Initial jobless claims in the world's biggest economy fell below 400,000 for the first time since April and homes sales data also came in ahead of expectations. The rush of company
Read moreLondon midday: Stocks fall back after news flurry
28th Jul 2011 12:00
Stocks are in the red after this morning's splurge of company updates. Anglo-Dutch integrated oil company Royal Dutch Shell fell after it reported net income on a current cost of supplies (CCS) basis, excluding specific items, of $6.6bn, compared to $4.2bn in the second quarter of last year. The fi
Read moreLondon open: Footsie opens lower after flurry of results
28th Jul 2011 08:34
After a flurry of company results this morning, the Footsie fell into the red. While investors digest the figures, in the back of their minds they are still fretting about the US debt ceiling negotiations, with the Republicans and Democrats set for a show-down later on today in the House of Represen
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