London 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 moreLondon close: Miners, banks finish strongly
28th Jun 2011 16:33
The Footsie was bolstered by a decent start on Wall Street, as US house prices rose for the first time in eight months. Furthermore, global market sentiment was buoyed ahead of a critical vote in Greece to approve austerity measures, vital for the country to receive financial aid. French president
Read moreFTSE 100 movers: Banks wanted as Greek fears ease
28th Jun 2011 14:35
The banking sector was lifting the FTSE 100 on Tuesday, as fears over the Greek situation eased. French president Nicolas Sarkozy announced an agreement with French banks to refinance holdings of Greek sovereign debt. "We concluded that by stretching out the loans over 30 years, putting (interest r
Read more3i boss spends £275,000
10th Jun 2011 16:09
The chief executive of 3i, Michael Queen, has spent £275,000 on shares in the private equity group. He took 100,000 shares at just over 275p a time. Finance director Julia Wilson, meanwhile, took 10,000 shares at 272.6p a time. 3i last month upped its dividend by 20% after reporting a sharp rise
Read moreLondon close: FTSE 100 slumps after US jobs shock
1st Jun 2011 16:38
After a directionless start, the top share index fell deep into the red ahead of the close, with some unfavourable US economic data denting sentiment. Rio Tinto held out to finish with gains. The mining giant announced today that it is to establish a large-scale presence in commodity hungry China
Read moreSector movers: Tate & Lyle sweetens food sector
1st Jun 2011 14:38
The food producing sector is sweeter, helped by gains from sugar producer and food ingredients firm Tate & Lyle. Yesterday, the group had its target price raised by 8% by UBS. Tate & Lyle announced last week that it managed to offset reduced selling prices for its SPLENDA Sucralose brand to grow
Read moreFTSE 250 movers: Tate tops the table
1st Jun 2011 14:25
Tate & Lyle is the best performer on the FTSE 250. Yesterday, the food ingredients group had its target price raised by 8% by UBS. The share price of property regeneration specialist St. Modwen Properties has been boosted after it revealed that half-year results should come in at the top end of man
Read moreFTSE 250 movers: JD tops the risers
31st May 2011 15:15
Retailers JD Sports Fashion and Supergroup are also in demand. Tate & Lyle, the food ingredients group, has been given a lift by UBS after the broker raised its target price for the stock by 8%, from 550p to 595p. Stockbroker and investment manager Brewin Dolphin is edging higher after announcing
Read moreBroker tips: Standard Chartered, Serco, Tate & Lyle
31st May 2011 12:31
Standard Chartered has been upgraded to a 'buy', from 'neutral', by Nomura, which says that the Asia-focused bank is delivering growth in a challenging environment. "For investors looking for top-line growth within a UK & European banks sector where growth is often a scarce commodity, we believe th
Read moreBroker snap: Target raised by 8% at Tate & Lyle
31st May 2011 12:18
UBS raises its target price for Tate & Lyle and fine-tunes its year-ended-2012 estimates following the food and ingredients group's full-year results, which were broadly in-line with expectations. For the 12 months ended 31 March, adjusted pre-tax profit grew by 24% to £267m, while earnings per sha
Read moreLondon close: Stocks hold on to gains
27th May 2011 16:46
Stocks held on to gains going into a long weekend, as Wall Street opened up higher. After a sharp rise in early trading, the Footsie maintained its level around the 5,930-40 mark for the rest of the day, helped by strong showings from the miners and the banks. Just seven stocks finished in the red.
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