STICKY SITUATION May 28, 2009 FOOD producer Tate & Lyle said yesterday that it has seen a 38 per cent drop in full year pre-tax profit, adding that it is difficult to predict with confidence the outlook for 2010 given the global recession and its uncertain impact on customer demand. The Golden Syrup maker, which had issued two profit warnings [...]
Marston’s and GKN are next to raise cash June 18, 2009 THE WAVE of companies seeking to raise fresh capital from shareholders showed no sign of abating yesterday as engineer GKN and pub group Marston’s both announced rights issues. GKN aims to raise £423m, while Marston’s is asking the market for £176m. GKN’s 50p offer price represents a 39 per cent discount to Wednesday’s closing price. [...]
Index reshuffle is chance to make a substantial profit May 17, 2009 INDEX reshuffles, at least in Britain’s FTSE indices, don’t tend to spark much more than some token interest among the trading community. The process is deliberately as transparent as possible and well publicised in advance in order to minimise any dramatic share price movements ahead of the rejig. Unfortunately for spread betters looking to capitalise [...]
Sweet start to the year by Tate & Lyle July 24, 2008 Sugar refiner and sweetener maker Tate & Lyle said yesterday it has made a satisfactory start to its financial year and was on track to achieve progress for the year as a whole. The company, which makes sucralose sweetener Splenda, said in a trading update ahead of its annual shareholder meeting that pre-tax profit in [...]