London midday: Footsie sluggish despite updates
25th Nov 2010 12:05
Footsie is in sluggish mode, and may remain so given that the US is closed for Thanksgiving, but there is plenty of company news for traders to digest. Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen to paper to purc
Read moreLondon open: Strong start for FTSE 100
25th Nov 2010 08:30
Shares have got off to a good start following a warm reception for company updates. Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen to paper to purchase Manchester's Trafford Centre in a deal worth £1.6bn. WS Atkin
Read moreTate & Lyle exits molasses business
25th Nov 2010 07:59
Food ingredients firm Tate & Lyle is to sell its molasses business to Belfast grain trader W&R Barnett for £67m in cash. Proceeds from the sale will be used to reduce net debt. The assets being sold comprise the global molasses trading desk based in London, plus other worldwide marketing operation
Read moreFriday tips round-up: Charter, RSA, Tate & Lyle...
5th Nov 2010 06:49
Charter shares have been the subject of much bid gossip these past couple of weeks, with an American predator mentioned. They remain on a lowly nine times this year's earnings. That might look cheap; but unless you fancy a punt on a takeover, there seems little reason to chase says the Times. House
Read moreLondon close: Two-year high for blue chips
4th Nov 2010 17:01
Footsie hit a two-year high as investors piled into blue chips after yesterday's larger-than-expected stimulus package unveiled by the US Federal Reserve. But the good sentiment was not universal, with some hefty fallers on the back of disappointing trading updates. Hopes that the Bank of England's
Read moreSector movers: Mixed day for food stocks
4th Nov 2010 14:30
Food-related stocks are mixed today. Tate & Lyle is giving the food producer sector a lift after the sweetener group more than doubled profits on sales that were boosted by higher corn prices. Meatpacker Hilton Food is also higher after saying that trading continues to be in line with expectations.
Read moreFTSE 250 movers: T&L sweetens but Wetherspoon goes flat
4th Nov 2010 14:29
Shares in Tate & Lyle sweetened after the food ingredients company more than doubled profits on sales that were boosted by higher corn prices. Shares in telecom equipment tester Spirent moved up towards a 12-month high as it reported trading since July has exceeded its expectations. JD Wetherspoon
Read moreLondon afternoon: Morning's gains consolidated
4th Nov 2010 14:23
Since the Bank of England's noon announcement extinguished the small hopes of Britain joining the US in reviving its quantitative easing programme, leading shares have marked time. Miners are still doing particularly well on hopes that the Fed's stimulus measures will help sustain the global econo
Read moreHigher corn price boosts Tate & Lyle
4th Nov 2010 13:26
Shares in Tate & Lyle sweetened after the food ingredients company more than doubled profits on sales that were boosted by higher corn prices. Pre-tax profits in the six months to September 30 climbed to £104m from £45m on sales that rose to £1.35bn from £1.3bn. 'In addition to good operational pe
Read moreLondon close: Footsie slumps in last hour
30th Sep 2010 16:48
A last hour slump sent Footsie into the red by the close of a roller-coaster day. The index had been over 50 points higher in mid-afternoon after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. But the Dow turned down sharply soon after, draggin
Read moreLondon afternoon: US GDP data jolts Footsie into life
30th Sep 2010 15:02
Leading equities stormed higher after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. Although this represented a slow-down from the 3.7% gain in the first quarter economists had not been expecting any improvement on the previous estimated gain,
Read moreLondon midday: Sluggish Footsie
30th Sep 2010 12:00
Investors are holding fire ahead of this afternoon's release of US gross domestic product data. The downgrading of the credit rating of Spanish sovereign debt came as little surprise and has had minimal effect on sentiment, as has news that the bail out of Anglo Irish Bank could cost Ireland as much
Read moreLondon open: Footsie falls back
30th Sep 2010 08:36
Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, sending London's leading share index into the red. There has been plenty of corporate news for traders to get their teeth into, much of it relating to the food sector. Compass Group has headed south ev
Read moreLondon pre-open: Stocks set to step back
30th Sep 2010 07:31
Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, and dealers expect the FTSE 100 to open around 25 points down from its close last night. There has been plenty of corporate news for traders to get their teeth into, much of it relating to the food sect
Read moreTate & Lyle on track despite higher corn costs
30th Sep 2010 07:01
Sugar and sweetener firm Tate & Lyle said today that it expects its encouraging start to the year to continue in spite of higher corn costs. In the speciality food ingredients division, growth in speciality sweeteners and starches has remained steady, while sucralose volumes have been robust, thou
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