Tate & Lyle full year profits soar to £126m
26th May 2016 07:03
(ShareCast News) - Full year pre-tax profits at Tate & Lyle soared to £126m from 25m as revenues rose 1% to £2.35bn. Adjusted profit before tax was £67m higher at £193 largely as a result of net exceptional costs in the year of £50m. Exceptional items include costs relating to the restructuring of
Read moreThursday preview: Tate & Lyle reports finals
25th May 2016 13:20
(ShareCast News) - Tate & Lyle is expected on Thursday to report a decline in full year profits on foreign exchange headwinds as the food ingredients company undergoes a restructuring. In February's third quarter trading update, the company said it sees adjusted profit before tax from continuing ope
Read moreLondon pre-open: Stocks seen lower on weak US and Asian cues
5th Apr 2016 07:28
(ShareCast News) - London stocks were set for a weaker open on Tuesday, taking their cue from downbeat US and Asian sessions. The FTSE 100 was seen opening 21 points lower than Monday's close at 6,141. Meanwhile, oil was is expected to stay under pressure. "Oil is likely to remain volatile though
Read moreTate & Lyle sees full year in line with expectations
5th Apr 2016 07:04
(ShareCast News) - Tate & Lyle said trading for the fourth quarter to 31 March 2016 was in line with both expectations and the outlook included in its February trading statement. The group will announce its full year results on 26 May. In February, Tate said third quarter trading in its specialty f
Read moreBroker tips: ARM, Tate & Lyle, Inchcape
1st Apr 2016 15:46
(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis
Read moreCanaccord cuts Tate & Lyle's full year earnings forecast
1st Apr 2016 11:02
(ShareCast News) - Tate & Lyle was under the cosh on Friday after Canaccord Genuity cut its earnings forecasts ahead of the company's full year trading update. Canaccord said recovery in Mexican and Brazilian currencies, reduced interest costs and an increased contribution from joint ventures has be
Read moreFTSE 250 movers: Tate & Lyle, Henderson Group fall after results
11th Feb 2016 15:34
(ShareCast News) - The FTSE 250 plunged on Thursday, down 289.81 points (1.87%) to 15,222.73 by mid-afternoon. Al Noor was technically the biggest faller, after it went ex-dividend with a special dividend of 328p per share. However, the company's share price had risen 2p when taking the dividend in
Read moreTate & Lyle volumes up in third quarter, but margins down
11th Feb 2016 07:43
(ShareCast News) - Tate & Lyle remained stable in its third quarter, reporting increased trading volumes in some divisions, but lower margins and continuing difficulties in the ethanol market. In the three months to 31 December, the FTSE 250 agribusiness described trading in its Specialty Food Ingre
Read moreFTSE 250 movers: Insurance worries sends Moneysupermarket.com falling
15th Jan 2016 15:21
(ShareCast News) - The FTSE 250 was set to close at its lowest point for 2016, with the market already down 256.85 points (1.56%) to 16,156.42 by mid-afternoon Friday. Moneysupermarket.com was the market's biggest faller after the company's fourth quarter insurance revenues were hit by stronger comp
Read moreBroker tips: Home Retail, AB Foods, Tate & Lyle
15th Jan 2016 12:48
(ShareCast News) - Home Retail has made it "difficult to mount a convincing defence against any bid from Sainsbury" after reporting disappointing sales over the Christmas period, Numis said on Friday. Sales at its Argos brand for the 18 weeks to 2 January dropped 2.2% compared to consensus for a 0.3
Read moreTate & Lyle rallies after encouraging capital markets day
15th Jan 2016 10:30
(ShareCast News) - Tate & Lyle was a high riser on Friday following an encouraging capital markets day. Liberum, which reiterated its 'buy' rating on the stock, said Tate hosted a "confident" CMD focused on the group's Speciality Food Ingredients unit. The broker said Tate laid out credible plans t
Read moreLondon open: Investors anxious ahead of MPC's 'Super Thursday'
5th Nov 2015 08:30
(ShareCast News) - Investors in UK shares were anxious ahead of Thursday's meeting of the Monetary Policy Committee after remarks by US Federal Reserve chairwoman Janet Yellen on the previous day led traders to push up the odds of a December rate hike across the Pond. As of 0945 GMT the FTSE 100 was
Read moreTate & 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
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