Broker snap: CS not so sweet on Tate & Lyle
7th Jan 2010 11:09
The annual round of price setting for sweeteners is not going so well, Credit Suisse reckons, prompting the Swiss bank to downgrade Tate & Lyle. With sweetener prices expected to be down by around 15%, Credit Suisse (CS) has chopped its earnings forecast for fiscal 2010/11 by £20m for sugar and swe
Read moreEx-Tate chief joins Balfour Beatty board
18th Dec 2009 07:33
Former chief executive of Tate & Lyle, Iain Ferguson, has joined the board of contracting firm Balfour Beatty as a non-executive director. Ferguson, who finally left the sugar and sweeteners company last month, will take up his new role on 1 January. Before starting work at Tate in 2003, the 54-ye
Read moreWeekend tips round-up: Shanks, Tate & Lyle, Rentokil
8th Nov 2009 09:49
Waste disposal space is running out and the continued use of landfill is impractical - and it is getting more costly. Landfill taxes will increase to £56 per tonne in 2011, £64 in 2012 and £72 in 2013. One company that will benefit from the new waste disposal regime is Shanks. Although Shanks' mar
Read moreLondon close: Shares shake off US blues
6th Nov 2009 17:15
The Footsie finished a see-saw day in positive territory, shrugging off concerns about the worse than expected US jobless figures, which revealed the US unemployment rate has risen above the 10% level. Banks enjoyed a day in the sun, helped by a positive response to results from Royal Bank of Scotl
Read moreLondon afternoon: Stocks slide on US jobless news
6th Nov 2009 14:04
Leading shares are retreating rapidly in the wake of worse than expected US non-farm payrolls data. October non-farm payrolls data showed the US unemployment rate rose to 10.2% from 9.8% in September. The number of jobs lost in October was 190,000, versus expectations of 175,000 job losses. So fa
Read moreLondon midday: Financials lead advance
6th Nov 2009 12:04
Banks and property stocks are leading the market higher, though the advance is being conducted at a leisurely pace. More huge write-offs sent Royal Bank of Scotland (RBS) deep into loss over the past three months. Nine-month losses now total £2.06bn against a profit £1.8bn this time last year. Des
Read moreLondon open: Flat start ahead of payroll figures
6th Nov 2009 08:37
London's top stocks have made a cautious start as investors reflect on more huge losses at British Airways and Royal Bank of Scotland. Later today the keenly watched US monthly non-farm payroll figures also come out. British Airways reported a record loss of £292m and urged Unite to withdraw its p
Read moreLondon pre-open: Gains ahead despite corporate losses
6th Nov 2009 07:37
London's top stocks are expected to open around 20 points higher despite news of huge losses at British Airways and Royal Bank of Scotland. British Airways reported a record loss of £292m and urged Unite to withdraw its plans for a strike ballot and resume talks with the carrier. The loss before t
Read moreTate & Lyle cautious over US
6th Nov 2009 07:28
Interim profits slumped at Tate & Lyle, with the sugar and sweeteners group cautioning that US markets remain under pressure. Sales in the half year to September increased by 7% to £1.82bn. Adjusted operating profit reduced by 1% (16% in constant currency) to £148m, with underlying profit before ta
Read moreLondon open: Footsie higher as G20 kicks off
25th Sep 2009 08:43
Early morning forecasters got it spot on today with Footsie opening up about 20 points higher after Wall Street narrowed its deficit in late trade overnight. Pittsburgh is likely to steal many of the headlines today as G20 leaders attempt to cobble together a cap on bankers' bonuses among other thi
Read moreLondon pre-open: Footsie targets 5,100
25th Sep 2009 07:37
The blue chip index is expected to claw back about a third of yesterday's 60-point loss early on after Wall Street narrowed its deficit in late trade overnight. Pittsburgh is likely to steal many of the headlines today as G20 leaders attempt to cobble together a cap on bankers' bonuses among other
Read moreTate & Lyle operating profit in line
25th Sep 2009 07:02
Tate & Lyle expects operating profit for the half year to be broadly in line with last year but the sugar and sweeteners group cautioned that a number of its markets remain challenging. The group said demand from food and beverage customers has proved resilient, though it has continued to experien
Read moreSunday tips round-up: Morgan Crucible, BAE, Tate & Lyle
2nd Aug 2009 12:04
Industrial material specialist Morgan Crucible's markets have been hit hard by the downturn. Last week's first-half results were reassuring and though the company does have a significant amount of debt - and there had been worries that a rights issue would be needed to shore up its balance sheet -
Read moreLondon close: US surge extends Footsie's winning streak
23rd Jul 2009 16:32
Footsie's winning streak extended to nine days as US markets surged ahead on better than expected June home sales and forecast-busting results from a number of US household names. Trading had been quiet up until mid-afternoon, but as soon as the US markets started to pick up buyers returned in earn
Read moreFTSE 250 movers: Yell up 20% after revenue hike
23rd Jul 2009 15:06
Weakness in the pound has given investors in directories group Yell something to shout about. The shares are up 20% after revenue in the three months to 30 June rose 1.5% to £475.3m from £468.4m a year earlier. On a constant currency basis, however, revenue dipped 10.4%. Shares in Tate & Lyle bou
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