London Report: FTSE rises amid signs of growth in UK economy July 24, 2013 A WAVE of upbeat corporate earnings pushed Britain’s benchmark equity index back towards seven-week highs yesterday, with signs of resilience among British consumers as the economy recovers. Kingfisher added 3.1 per cent after Europe’s biggest home improvements retailer reported a return to underlying sales growth in Britain, while budget airline EasyJet gained 3.7 per cent [...]
Tate & Lyle expect another year of profitable growth after a slow start in US July 24, 2013 British agribusiness Tate & Lyle says its outlook for 2013 has remained unchanged as adjusted operating profit in the period 1 April to 30 June 2013 was reported in line with expectations (release). As expected, a cold spring and slow start to summer in the US impacted negatively on sales volumes in its beverage sector, [...]
Best of the Brokers February 3, 2013 TUI TRAVEL Panmure Gordon’s Simon French has reiterated his “sell” rating on TUI Travel ahead of Thursday’s interim results statement. Issuing a target price of 245p, he believes the aborted bid from TUI AG “highlighted that the parent company does not want to pay a premium for control of this minority”. Despite this he expects [...]
BT tops FTSE 100 February 1, 2013 The benchmark index rose back through the 6,300 barrier this morning, boosted by strong gains from telecoms firm BT. BT rose almost 3.8 per cent in early deals, on the back of a seven per cent jump in pre-tax profit over the three months to December thanks to strong demand for its fibre optic broadband. [...]
Best of the Brokers January 28, 2013 CAPITA Canaccord Genuity has downgraded the stock from “hold” to “sell”, with a target price of 650p. While Capita remains a “well-managed business”, says Canaccord, “its investment case has diminished”. The broker warned that medium-term growth rates could be slow due to changing government initiatives. Investors reacted negatively to the downgrade yesterday as the stock [...]
UK firms set for busy week of trading reports January 27, 2013 THE UK’s corporate calendar is packed this week as many of Britain’s biggest companies deliver their results before the month’s end. Both AstraZeneca and Royal Dutch Shell are set to give full-year results on Thursday, while British Sky Broadcasting, Haynes Publishing and Rank Group will give interim reports. Trading announcements are also expected that day [...]
FTSE hits the brakes on 2013 rally as banks and miners lose ground January 22, 2013 BRITAIN’S leading share index eased a touch yesterday, stalling after a recent push up to its highest level in four-and-a-half years, weighed by falls in financials and mining stocks. Banks were the biggest sector fallers, knocking over four points off the FTSE 100, with traders citing profit-taking after recent gains, and caution over a report [...]
Frontier IP university spin-out sells protein idea to Tate & Lyle December 11, 2012 FRONTIER IP Group, the London listed portfolio company which sells intellectual property rights to firms, yesterday licenced one of its protein products to Tate & Lyle. The company, through its portfolio company Nandi Proteins Ltd – which is a spin-out venture from Heriot Watt University in Edinburgh – will benefit from advisory fees paid by [...]
FTSE 100 down on Italian uncertainty December 10, 2012 Concerns over the health of the Eurozone weighed on the blue chip index this morning, following Italian Prime Minister Mario Monti’s announcement that he intends to resign after the 2013 budget is approved. The FTSE 100 was trading 0.2 per cent down in early trading, led down by insurer Aviva and miner Eurasian Natural Resources, [...]
Tate & Lyle’s profit dented by expansion of sweetener plant November 8, 2012 BRITISH sweeteners and starches maker Tate & Lyle said yesterday that the cost of re-opening a factory and tough trading in Europe had reduced earnings growth in its first half. The group posted adjusted pre-tax profit of £179m, up two per cent, stifled by the cost of restarting a second plant for its zero-calorie sucralose [...]