Tate & Lyle sweetens investors with growth in interim profit
5th Nov 2015 08:04
(ShareCast News) - Food ingredients maker Tate & Lyle posted an increase in interim profit, marking a first improvement in trading after a turbulent end to 2014. The FTSE 250 group said that in the six months to 30 September, pre-tac profit rose 28% year-on-year to £103m, driven higher by a 28% incr
Read moreWednesday broker round-up
28th Oct 2015 09:38
(ShareCast News) - Inmarsat: Credit Suisse reiterates to outperform, raises target price to 1080.00p. Gresham House Strategic: FinnCap starts new coverage, sets target price at 1000.00p. Burberry Group: JP Morgan Cazenove reiterates to neutral, cuts target price to 1500.00p. Goldman Sachs reiterate
Read moreSugar taxes and food promotion clampdown could follow PHE obesity report
22nd Oct 2015 16:24
(ShareCast News) - A report by UK public health officials has found sugar taxes are an effective tool to combat obesity and has called for restrictions on food manufacturers and supermarkets offering deals on unhealthy foods and marketing to children. The report, 'Sugar Reduction: The evidence for a
Read moreTate & Lyle first-half trading in line, full-year unchanged
8th Oct 2015 07:44
(ShareCast News) - Tate & Lyle said the company's performance in the first half was in line with its expectations and guidance for the full year remains unchanged. It said Speciality Food Ingredients performed encouragingly and ahead of the comparative period, returning to volume growth in the secon
Read moreBroker tips: Tate&Lyle, Asos, Premier Farnell
24th Sep 2015 17:14
(ShareCast News) - Tate & Lyle was the standout gainer on the FTSE 250 after Liberum upgraded the stock to 'buy' from 'sell' and lifted its price target to 670p from 505p. "While history is disappointing - four profit warnings and a collapse of around 40% in pre-tax profits since full-year 2014 - we
Read moreFTSE 250 movers: Tate & Lyle in a sweet spot, but Poundland tumbles
24th Sep 2015 14:03
(ShareCast News) - London's FTSE 250 index was down 0.8% to 16,522.30 at 1524 BST, in line with the broader market. Tate & Lyle was in a sweet spot after Liberum upgraded the stock to 'buy' from 'sell' and lifted its price target to 670p from 505p. "While history is disappointing - four profit warni
Read moreTate & Lyle tops FTSE 250 on Liberum upgrade
24th Sep 2015 10:22
(ShareCast News) - Tate & Lyle was the standout gainer on the FTSE 250 after Liberum upgraded the stock to 'buy' from 'sell' and lifted its price target to 670p from 505p. "While history is disappointing - four profit warnings and a collapse of around 40% in pre-tax profits since full-year 2014 - we
Read moreBroker tips: Indivior, St James Place, Tate & Lyle
30th Jul 2015 18:34
(ShareCast News) - Shares in Indivior were given a downgraded 'neutral' rating from Citi after their strong performance in the year to date, while Deutsche Bank argued the company's drug pipeline was not fully reflected in valuation and upgraded to 'buy'. A day after the company's interim results, C
Read moreTate & Lyle upgraded by SocGen as downgrade cycle nears end
30th Jul 2015 14:42
(ShareCast News) - Societe Generale upgraded Tate & Lyle to 'buy' from 'hold' and raised the price target to 620p from 600p. The bank said that with 2016 earnings per share estimates now half the level of where they stood only two years ago, we may be getting close to the end of the long-running ear
Read moreTate & Lyle's Q1 in line, full-year guidance unchanged
29th Jul 2015 09:26
(ShareCast News) - Food ingredients producer Tate & Lyle said its performance during the first quarter of the year was in line with expectations driven by encouraging results from its speciality food ingredients business. Stronger performance in its core businesses offset weakness in commodity bulk
Read moreExane BNP upgrades Tate & Lyle; says it's turning a corner
27th Jul 2015 14:39
(ShareCast News) - Exane BNP Paribas upgraded Tate & Lyle to 'neutral' from 'underperform' but cut its price target to 525p from 540p. The broker noted that the shares have fallen by around 20% since the bank's mid-April downgrade and the stock's relative valuation has pulled back markedly over the
Read moreFTSE 250 movers: Mitchells and Butlers surges on upgrade, miners lower
22nd Jul 2015 14:40
(ShareCast News) - Mid-caps edged lower on Wednesday, as gains in the construction and insurance sectors were eclipsed by weakness from technology, mining, engineering and oil stocks. As of 1600 BST, the FTSE 250 was trading 0.5% lower at 17,660. Mitchells & Butlers topped the risers after Numis ra
Read moreBroker tips: Ashtead, Tate & Lyle, Mitchells & Butlers, Croda
22nd Jul 2015 12:14
(ShareCast News) - Ashtead took a hit on Wednesday after a double downgrade by Bank of America Merrill Lynch, which cut the stock to 'underperform' from 'buy' and slashed its price target to 1,000p from 1,300p, pointing to a "triple whammy" of worrying trends. "We have become increasingly concerned
Read moreTate & Lyle boosted by Goldman Sachs upgrade
22nd Jul 2015 09:19
(ShareCast News) - Tate & Lyle got a boost after Goldman Sachs upgraded the stock to 'neutral' from 'sell' and raised its price target to 470p from 460p following its recent underperformance. It noted that since being added to the 'sell' list on 1 December 2014, the stock is down 16% versus the FTSE
Read moreSugar stockpile price fall hits hedge funds, as rally hopes quashed
20th Jul 2015 13:17
(ShareCast News) - Huge world stockpiles of sugar have led to falls in sugar prices that have hit hedge funds in particular and led analysts to warn that prices are unlikely to rebound for a while. On the ICE futures exchange, sugar for October delivery was on Monday trading down 3.2% on the previou
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