Mixed corporate earnings see FTSE end down as Eurozone fears grow November 8, 2012 BRITAIN’S top share index fell yesterday as mixed earnings reports combined with concerns about the Eurozone’s economy and debt troubles to weigh on sentiment. Tate & Lyle and Land Securities were among fallers in heavy volumes after releasing disappointing earnings updates. Land Securities had gained 25 per cent year to date, with Tate & Lyle [...]
Raft of firms set to release figures as Bank debates if more QE needed November 4, 2012 THE biggest question for UK investors this week is whether the Bank of England’s Monetary Policy Committee (MPC) will opt for more quantitative easing. The decision, which will be announced on Thursday, comes after strong jobs and GDP data. “Strong third quarter GDP data suggested that underlying growth was slightly stronger than previously thought and [...]
Tate & Lyle eyes Splenda profits September 27, 2012 TATE & LYLE’S shares were lifted yesterday after the company saw improved performance at its special food ingredients arm and said half year profit will be similar to last year’s level. The group’s first half ending 30 September is being held back by the cost of re-opening a second plant for its zero-calorie sucralose sweetener [...]
Out of the three point plan came forth sweetness September 27, 2012 THERE’S nothing candy-coated in current European economic conditions, and Tate & Lyle has a trading update to prove it. But the erstwhile sugar giant, now a sweetener and starches supplier, still looks on track for its global plan. Tate & Lyle sold its EU sugar refining business back in July 2010, all part of its [...]
Analyst Views | How did Tate & Lyle fare in the first half? September 27, 2012 MARTIN DEBOO INVESTEC Tate’s second quarter represents something of an amuse-bouche ahead of feasts to come. But with the first half now in the bag, this reads as an upbeat statement to us, subject to the proviso that we are at the bottom end of consensus. ALICIA FORRY CANACCORD GENUITY Difficult market conditions in Europe [...]
Bank to update on UK lending September 23, 2012 THE UK corporate week begins with a busy day today, as a raft of companies update the market. Dairy Crest, Manganese Bronze, Qinetiq, Finsbury Food, Shore Capital, A.G. Barr, Brady and Petra Diamonds are all set to give reports. Tomorrow brings further company news from Albemarle & Bond, Close Brothers, and The Daily Mail and [...]
Premier skips breakfast after £200m sell-off August 23, 2012 PREMIER FOODS yesterday said it had sold some of the UK’s best-known breakfast table staples including Hartley’s jam and Gale’s Honey to an American food group, in its latest efforts to pay down debts. Hain Celestial, the US organic products company, known for its Earth’s Best and Celestial Seasonings Brands, has agreed to pay around [...]
Tate & Lyle says earnings are in line despite European weakness July 26, 2012 TATE & Lyle said its operating profit for the three months to June was in line with its expectations, as strong demand for its speciality food ingredients from the US and emerging markets offset weaker appetite in Europe. The London-based group, which makes sucralose zero-calorie sweetener Splenda, said yesterday operating profit in the sucralose division [...]
BEST of the BROKERS July 5, 2012 CENTRICA Goldman Sachs has bumped the utilities giant off its “conviction buy” list and downgraded the stock to neutral, citing a weaker near-term earnings per share outlook due to lower commodity prices and greater share price upside elsewhere in our coverage. Goldman has had Centrica on its buy list since 7 January 2010, in which time [...]
FTSE creeps up as investors await BoE decision July 5, 2012 The FTSE 100 edged up in early trading as investors awaited the Bank of England’s next move on interest rates and quantitative easing to be announced at midday. Investors were also watching the unravelling Libor (the London Interbank Offered Rate) scandal with ratings agency Moody’s today threatening to downgrade Barclays over the damage to its [...]