Broker snap: New Tate boss may review divi policy
19th May 2009 12:58
The poaching of highly regarded Javed Ahmed from Reckitt Benckiser to take over from Ian Ferguson as CEO at Tate & Lyle has given a rush to the share price of the sugar and sweeteners group. Broker Charles Stanley suggests that the arrival of two new brooms at the top - Ahmed will take over as chie
Read moreFTSE 250 movers: New chief exec sweetens Tate & Lyle
19th May 2009 11:55
Tate & Lyle is up more than 10% after the sugar firm appointed Javid Ahmed, currently executive vice president at detergent group Reckitt Benckiser, as chief executive. Oil and gas firm Melrose Resources rises after raising its production forecast for 2009 by around 5% But Dana Petroleum falls bac
Read moreLondon midday: Equities advance on broad front
19th May 2009 11:53
Risers outnumber fallers by about four to one among Footsie constituents as London's leading shares shrug off disappointing figures from Marks & Spencer to continue yesterday's advance. M&S is the day's biggest blue-chip faller after it saw a sharp drop in pre-tax profits to £706.2m from £1.13bn. I
Read moreLondon open: Footsie up despite M&S disappointment
19th May 2009 08:48
Footsie has built on yesterday's gains as traders wade through the continuing stream of company results. Marks & Spencer has fallen sharply after it revealed a final dividend cut of a third after the clothes and food retailer saw a sharp drop in pre-tax profits to £706.2m from £1.13bn. M&S said it
Read moreLondon pre-open: More gains expected
19th May 2009 07:50
Footsie is expected to build on yesterday's results as traders wade through the continuing stream of first quarter company results. Marks & Spencer is to cut its final dividend by a third after the clothes and food retailer saw a sharp drop in pre-tax profits. While sales in the year to March 28 we
Read moreTate & Lyle recruits new chief from Reckitt
19th May 2009 07:07
Tate & Lyle has appointed Javed Ahmed as its new chief executive. He will take over from current incumbent Iain Ferguson on 15 November. Iain Ferguson will continue in the CEO role until then to ensure an orderly handover, Tate added. Ahmed is currently Executive Vice President, Europe for Reckit
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