UK MARKET TALK ROUNDUP: SHARES GAINING
1st Jul 2010 10:19
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0919 GMT [Dow Jones] Panmure Gordon raises Tate & Lyle (TATE.LN) price target to 500p from 440p after the company said it'
Read moreLondon open: Stocks deep in the red
1st Jul 2010 08:58
London's top stocks have started with hefty losses as sentiment was hit by a weak manufacturing report in China and warning by Moody's Investors Service that it may cut Spain's credit rating. Asian stocks were hit after China's purchasing managers' index fell to 52.1 in June from 53.9 a month earli
Read moreMARKET TALK: Tate & Lyle Sugar Sale Makes Sense For Strategy
1st Jul 2010 08:11
0711 GMT [Dow Jones] Tate & Lyle'S (TATE.LN) decision to sell its EU sugar refining operations is not a surprise with the sugar business becoming increasingly non core says Shore Capital. Thinks the deal makes sense for Tate, increasing focus within the group, while reducing debt/EBITDA to about 1.
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
1st Jul 2010 08:11
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0711 GMT [Dow Jones] Tate & Lyle'S (TATE.LN) decision to sell its EU sugar refining operations is not a surprise with the
Read moreUPDATE: Tate & Lyle Sells EU Sugar-Refining Operations
1st Jul 2010 07:59
(Adds detail.) By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tate & Lyle PLC (TATE.LN) Thursday announced the sale of its sugar refining operations in the European Union to American Sugar Refining Inc. for GBP211 million in cash, advancing its strategy to focus on its spe
Read moreMARKET TALK: Tate & Lyle Sugar Ops Disposal A 'Sweet Deal'
1st Jul 2010 07:50
0650 GMT [Dow Jones] Tate & Lyle's (TATE.LN) disposal of its sugar refining operations in the European Union to American Sugar Refining Inc for GBP211M in cash is a "sweet deal", says an analyst. Says this deal will help to reduce the company's debt, which stood at GBP814M at March 31. Analyst adds
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
1st Jul 2010 07:50
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0650 GMT [Dow Jones] Tate & Lyle's (TATE.LN) disposal of its sugar refining operations in the European Union to American Suga
Read moreTate & Lyle Sells EU Sugar-Refining Operations For GBP211M
1st Jul 2010 07:34
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tate & Lyle PLC (TATE.LN) Thursday announced the sale of its sugar refining operations in the European Union to American Sugar Refining Inc. for GBP211 million in cash, advancing its strategy to focus on its specialty food ingredie
Read moreTate & Lyle to Sell Sugar Refining Unit For GBP211M
1st Jul 2010 07:19
LONDON (Dow Jones)--Tate & Lyle PLC (TATE.LN) announces Thursday it has signed an agreement for the sale of its E.U. Sugar Refining operations, or E.U.S., to American Sugar Refining, Inc. for GBP211 million payable in cash, subject to closing adjustments for net cash and working capital, with the pr
Read moreTate & Lyle starts sugars business sell-off
1st Jul 2010 07:00
Tate & Lyle has sold the largest part of its sugars division to American Sugar Refining of the US for £211m - a deal that will see it lose some of its well known brands. The group also said it planned to sell the remaining businesses within the Sugars division, principally Molasses and Vietnamese s
Read moreThursday's newspaper round-up: Bonus, BP, Tate & Lyle
1st Jul 2010 06:16
The EU says cash bonuses for bankers should be capped at 30 per cent of the total bonus, significantly tougher than the FSA's regime for British banks, which set the cap at 40 per cent for the most highly paid and 60 per cent for other senior staff, writes the Times. Top BP executives including Ton
Read moreTate & Lyle May Sell Sugar Business For $300 Mln To US Company - FT
1st Jul 2010 01:46
DOW JONES NEWSWIRES U.K. company Tate & Lyle PLC (TATE.LN) could sell its sugar business to American Sugar Refining Co. for nearly $300 million, the Financial Times reported late Wednesday. The paper didn't mention the source of its report on its website. An announcement could be made by th
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
18th Jun 2010 07:43
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0643 GMT [Dow Jones] UBS raises Tate & Lyle (TATE.LN) price target to 515p from 460p to reflect favorable currency effects an
Read moreMARKET TALK: UBS raises Tate & Lyle Price Target
18th Jun 2010 07:43
0643 GMT [Dow Jones] UBS raises Tate & Lyle (TATE.LN) price target to 515p from 460p to reflect favorable currency effects and lower debt/pension deficit, following the company's solid FY'10 results. Notes another beat on cash flow. Says year end net debt fell by GBP370M to GBP814M, as the managemen
Read moreEssar and Barrick go straight into Footsie
9th Jun 2010 18:00
Two of this year's new issues have gone straight into the FTSE 100 index. Essar Energy and African Barrick Gold are the only two new inclusions in the the latest FTSE quarterly changes will further increase the non-UK proportion of the Footsie. The two resources businesses replaced London Stock Ex
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