Tate & Lyle finds the right mix of ingredients as sales surge May 31, 2012 STRONG growth of zero-calorie sweetener Splenda and other speciality food ingredients helped boost Tate & Lyle’s full-year profit 23 per cent to £323m, as the group benefited from consumers opting for healthier foods. The London-based sweeteners and starches group reopened a second plant in March in the US to meet demand for its sucralose Splenda [...]
LONDON REPORT May 27, 2012 AS DELIBERATIONS over the Eurozone’s future rumble on this week, weighing on global markets, a raft of retail firms are due to report on how the British high street has treated them in recent months. The FTSE 100 rose 1.5 per cent last week, but is still down two per cent down since the start [...]
FTSE rise fuelled by solid earnings May 3, 2012 The FTSE 100 pushed higher in early deals, recovering some of the previous session’s falls as investors turned their attention to a European Central Bank (ECB) meeting and tomorrow’s key US jobs report. ECB chiefs meet today after a week in which a string of bleak economic data, including manufacturing figures, has cast a shadow. [...]
FTSE shored up by strong blue chip results May 2, 2012 The FTSE 100 was flat in early trading as better than expected US manufacturing figures were offset by the bleak picture in the Eurozone. US manufacturing expanded at its fastest pace for 10 months fuelling confidence in the recovery of the world’s largest economy. However, the Eurozone’s manufacturing sector slipped further into decline last month, [...]
EasyJet boss ejects Jefferies from cockpit April 25, 2012 WHEN Jefferies bought Hoare Govett for £1 from RBS in February, it expressed the hope that it would be able to retain some of its larger broking clients. So it will come as something of a blow to find that FTSE-250 firm easyJet, the discount airline headed by former Guardian media group chief Carolyn McCall, [...]
Jefferies Hoare Govett wins Sirius Minerals April 2, 2012 HOARE Govett, the former RBS broker sold to US investment bank Jefferies, has won a new mandate with Sirius Minerals, the firm looking for potash in Yorkshire. The renamed Jefferies Hoare Govett has been picked as joint broker alongside Macquarie and Liberum. Chris Fraser, managing director and chief executive of Sirius, said: “With its US [...]
FTSE buoyed by miners March 30, 2012 The FTSE 100 rebounded in early trading as mining stocks continued to edge up. In London copper prices climbed and are on track for a more than 10 per cent first-quarter gain. However more sluggish demand from China is still casting a shadow. Among miners Kazakhmys and Antofagasta were the star performers, up two per [...]
Six things to consider when trading soft commodities March 26, 2012 1 COMMODITY CATEGORIES Though most spread betters of commodities tend to focus on the energy sector and on hard commodities such as gold and silver, you can also take a position on softs. Typically listed are: cocoa, coffee, corn, lean hogs, live cattle, oats, soy, wheat and sugar. Commodities are then often split into various [...]
It’s not just lawyers who prosper in law March 14, 2012 LAW is bigger business than ever. Freshfields employs 5,000 people and has twenty-seven offices in sixteen countries. Linklaters also has twenty-seven offices in twenty countries. Its revenues in 2010-11 were £1.2bn. Of course, this is good news for lawyers. But non-lawyers work for law firms too. Of Freshfields’ 5,000 staff members, 2,000 are business services [...]
Hoare Govett’s larger clients look poachable February 27, 2012 JEFFERIES Group, the global investment firm that has picked up the Hoare Govett name and around 50 of its remaining employees, has done a good job in hanging on to many of the firm’s stars. So, corporate advisers like Paul Nicholls and Chris Zeal have made the move across to the new firm, as has [...]