Thursday'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
Read moreLondon close: Up and down day for London
31st Mar 2010 17:07
The movements of the blue-chip index looked like they were being directed by the grand old Duke of York on Wednesday, with the market finishing neither up nor down. British Sky Broadcasting (BSkyB) was predictably outraged at the decision by telecoms regulator Ofcom to order it to make its two top
Read moreLondon afternoon: Footsie slides into negative territory
31st Mar 2010 14:09
After a bright start London has turned lower in the afternoon session in anticipation of a weak start on Wall Street. Televised sport is big news on the trading screens as telecoms regulator Ofcom ordered BSkyB to make its two top sports channels available to rivals at a 23% discount to the curren
Read moreSector movers: Food updates whet appetites
31st Mar 2010 13:39
Food is in focus after a stream of updates from the sector and the reaction has been mixed but positive overall. Hilton Food is higher after it served up a 16% rise in full year pre-tax profit as volumes increased and expects further growth in 2010. The meat packaging firm said pre-tax profit was
Read moreLondon midday: Footsie drifts lower
31st Mar 2010 12:17
Footsie is now flat as investors digest a big morning for company announcements. Televised sport is big news on the trading screens as telecoms regulator Ofcom ordered BSkyB to make its two top sports channels available to rivals at a 23% discount to the current price. This was a bigger cut than
Read moreLondon open: BSkyB shrugs off Ofcom attack
31st Mar 2010 08:49
Footsie is higher in early dealings as investors digest updates from food-related stocks and big news for televised sports. Telecoms regulator Ofcom is on a collision course with BSkyB after it ordered the satellite broadcaster to make its two top sports channels available to rivals at a 23% discou
Read moreLondon pre-open: Slow start expected
31st Mar 2010 07:37
A subdued start is expected from Footsie in early dealings as investors digest updates from food-related stocks. Telecoms regulator Ofcom is on a collision course with BSkyB after it ordered the satellite broadcaster to make its two top sports channels available to rivals at a 23% discount to the c
Read moreTate & Lyle to benefit from strong dollar
31st Mar 2010 07:00
Sugar and sweeteners company Tate & Lyle said currency movements, in particular the stronger US dollar, will benefit its reported performance in the final quarter. Underlying trading in the quarter has been consistent with expectations, the group added. Performance at the Ingredients businesses in
Read moreWeek Ahead: Compass Group, Dairy Crest, Tate & Lyle
26th Mar 2010 11:49
A number of food companies are bringing out figures next week which, coincidentally, is the last week of Lent, a period in which many Christians traditionally forgo rich foods. Pizza delivery firm Domino's Pizza, dairy firms Robert Wiseman and Dairy Crest, caterer Compass Group, M&S food supplier
Read moreBroker tips: Tullow Oil, Reckitt, Tate & Lyle
29th Jan 2010 11:35
Oil company Tullow Oil's share price got a battering after it announced a £925m placing this week, but Exane BNP Paribas remains a fan of the stock, and sees a bright side to the fund raising. 'Reassuringly, the company says the proceeds will be used to fund an accelerated exploration drill-out and
Read moreBroker snap: UBS a little sweeter on Tate & Lyle
29th Jan 2010 09:49
Sugar and sweeteners company Tate & Lyle's third quarter trading update confirmed that the recent sweetener pricing round had not gone well for the suppliers, UBS says. The Swiss bank said that in the face of declining demand, the sweetener processors 'have been prepared to price aggressively to pr
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