London 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
Read moreFriday tips round-up: ARM Holdings, Tate & Lyle, Paragon
29th Jan 2010 06:53
Apple's exciting new tablet computer, the iPad, looks like it will be a winner for Steve Jobs' group - but it's also going to be a real winner for ARM. The chip in the device, called the Apple A4, is believed to be based on ARM technology. That's because both Apple and its suppliers do not general
Read moreLondon close: US slide drags down Footsie
28th Jan 2010 16:45
London slumped near the close mirroring heavy falls in the US where technology stocks ran into heavy selling seemingly on disappointment with Apple's new iPad. AstraZeneca led the fallers after the Anglo-Swedish pharmaceuticals firm saw fourth quarter earnings rise 10% but warned that its predicted
Read moreNew Tate boss buys
28th Jan 2010 16:39
Javed Ahmed, the new chief executive of sweeteners supplier Tate & Lyle, has bought 100,000 shares after the announcement of the company's interim management statement. Ahmed paid 390p each for the shares - a total investment of £390,000. Ahmed's appointment as chief executive was announced last
Read moreLondon afternoon: Banks lead rally
28th Jan 2010 14:31
Blue chips put on a spurt over the lunch time session despite drugs giant Astra issuing disappointing fourth quarter figures. The Anglo-Swedish pharmaceuticals firm saw fourth quarter earnings rise 10% but warned that its predicted 2010 revenues would be hit by the loss of exclusive rights to sell
Read moreFTSE 250 movers: Arriva up on SNCF talks
28th Jan 2010 13:48
Shares in Arriva raced ahead after the bus and rail group admitted holding merger talks with France's state railway group SNCF. Peer National Express is also higher. The dark days appear to be behind specialist mortgage lender Paragon, whose shares are higher after the company's portfolio of loans
Read more