Tate & Lyle ahead of expectations
23rd Jul 2009 13:49
Shares in Tate & Lyle bounded ahead as the sugar and sweetener group reported first quarter underlying profits were ahead of expectations. "Profit before tax and exceptional items from continuing operations in the first quarter, after the benefit of favourable exchange translation, was in line wit
Read moreLondon afternoon: Footsie regains 4,500
23rd Jul 2009 13:46
The Footsie's eight day winning streak looks set to become nine days as the blue chip index hit 4,500 again amid more gains for US stocks. On the positive side, miners Fresnillo, Kazakhmys, Vedanta Resources, Rio Tinto, BHP Billiton, ENRC, Xstrata and Lonmin are all among the top ten risers on hope
Read moreLondon pre-open: Heading lower
17th Jun 2009 07:43
Another day of losses across the Atlantic is set to weigh on UK blue chips, with futures prices indicating an early 20-point deficit for London's leading index. Supermarket chain J Sainsbury is raising £445m via a placing and offering of convertible bonds to speed up growth and take advantage of th
Read moreNew Tate bosses firm up arrival dates
17th Jun 2009 07:25
Sugar and sweeteners group Tate & Lyle has firmed up dates for the installation of its new chief executive Javed Ahmed and chairman Sir Peter Gershon. Ahmed, currently Executive Vice President, Europe for Reckitt Benckiser and a member of the detergent maker's Executive Committee, will take over f
Read moreFriday tips round-up: Premier Farnell, Charles Stanley, Park
12th Jun 2009 06:44
Electronic components distributor Premier Farnell shares trade at just a touch over their year lows, which places them in cheap territory. If you believe the latest reports that indicate the recession has reached its nadir, now is probably a good time to dip your toe back into groups such as Premi
Read moreLondon close: Blue chips close lower
28th May 2009 16:51
UK blue chips closed lower despite a bright start on Wall Street with sentiment knocked by poorly received updates from Wolseley and Man Group. Hedge fund manager Man Group was weighed down by disappointing results. "The past financial year saw extraordinary turmoil in financial markets globally wh
Read moreLondon afternoon: Leading shares trim losses
28th May 2009 14:12
Shares staged a fight back over the lunch-time session but Footsie remains in the red ahead of the opening on Wall Street, which is expected to see shares open moderately firmer. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of
Read moreSector movers: Tate and Lyle fails to sweeten food sector
28th May 2009 13:27
Tate and Lyle is among the companies dragging the food producers sector into the red. The sugar and sweetener firm posted a sharp fall in profits after facing impairment charges and tough trading conditions. Profit before tax in the year to 31 March fell to £113m from £182m the previous year even
Read moreBroker tips: Tate & Lyle, Wolseley, BTG
28th May 2009 13:23
The outlook for sugar and sweeteners group Tate & Lyle remains uncertain and the shares should be sold, according to Panmure Gordon. "The headline number of PBT [profit before tax] down just 2% is flattered by the strength of the dollar. In constant currencies PBT fell by 18%, and the outlook remai
Read moreBroker snap: Future cloudy at Tate & Lyle
28th May 2009 13:21
The outlook for sugar and sweeteners group Tate & Lyle remains uncertain and the shares should be sold, according to Panmure Gordon. Industrial starch demand remains very weak, as does demand for high-fructose corn syrup (HFCS), which 'makes for a potentially very tough HFCS pricing round this Autu
Read moreLondon midday: Bears bite Man
28th May 2009 11:56
Stock market bears were out in force again this morning in London after thee overnight shake-out on Wall Street. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of the US is in short supply but the stock is also weighed down by
Read moreFTSE 100 movers: Man hammered on profit slide
28th May 2009 11:30
Hedge fund manager Man slumped over 10% at one point today as troubles in the global financial markets in the past year dragged on profits. Funds under management at 31 March slumped to $46.8bn against $74.6bn last year. The figure was $0.9bn lower than the trading update it announced in March due
Read moreLondon open: Footsie starts down
28th May 2009 08:14
London's top stocks have started in the red as the US markets finished lower yesterday. Hedge fund manager Man Group is the biggest faller after it saw profits slide for the year. "The past financial year saw extraordinary turmoil in financial markets globally which put extreme stress on business
Read moreLondon pre-open: Strong start predicted
28th May 2009 07:52
Footsie is expected to rise in early dealings despite the sharp fall on Wall Street last night. Sugar and sweetener firm Tate & Lyle posted a sharp fall in profits after facing impairment charges and tough trading conditions.Profit before tax in the year to 31 March fell to £113m from £182m the pre
Read moreTate & Lyle profits fall after charges
28th May 2009 07:01
Sugar and sweetener firm Tate & Lyle posted a sharp fall in profits after facing impairment charges and tough trading conditions. Profit before tax in the year to 31 March fell to £113m from £182m the previous year even as revenues climbed to £3.55bn from £2.87bn. The fall in profits was largely d
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