UPDATE: 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
Read moreLondon pre-open: Not too busy to fret about US debt
28th Jul 2011 07:39
There has been a hectic schedule of big company results already this morning to keep traders occupied but 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 Representatives.
Read moreTate & Lyle makes 'encouraging start', though trading mixed
28th Jul 2011 07:01
Tate & Lyle, the food ingredients group famous for its sugar, has hailed an "encouraging start" to the year, with strong demand seen in its main two divisions, Bulk Ingredients and Speciality Food Ingredients. However, the firm said that in the first quarter (from 1 April to 30 June) strong co-prod
Read moreLondon close: Big gains after Greek vote
29th Jun 2011 17:02
Stocks finished with hefty gains after the Greek parliament voted to pass austerity measures. The vote had been widely expected, but nevertheless prompted a large sigh of relief from investors. In stocks news, most excitement was in the FTSE 250, with Charter International now the top riser the en
Read moreLondon midday: More gains as Melrose approaches Charter
29th Jun 2011 12:14
Stocks are posting big gains as investors pin their hopes on the Greek parliament voting in favour of austerity measures later today. Most excitement is in the FTSE 250, with Charter International now the top riser the engineer Melrose said it had approached its rival about making a 780p offer yest
Read moreLondon open: Miners track metals prices higher
29th Jun 2011 08:44
The Footsie opened strongly on the back of decent gains from the miners, as metals prices headed higher. Antofagasta, Xstrata and Vedanta Resources were among the top risers early on. Tate & Lyle, the food ingredients giant, fell lower, extending losses from yesterday after RBS cut its rating on t
Read more