Tate & Lyle sees its profits soar November 3, 2011 SUGAR giant Tate & Lyle said it was concerned about the ongoing Eurozone crisis after it posted a 38 per cent jump in half-year profit as it saw little impact yet from the global economic downturn. The London-based group posted a first-half pre-tax profit of £180m for the six months to end of September yesterday, ahead [...]
FTSE ends the day higher on EU hope November 3, 2011 INVESTORS shrugged off chaos in the Eurozone as Britain’s top share index climbed higher yesterday, with leaders of the most powerful nations meeting in France in an effort to solve Europe’s crippling debt crisis. London’s blue chip index rose 61.54 points, or 1.1 per cent, to 5,545.64, as the index continued to recoup the sharp [...]
FTSE weak as investors eye G20 November 3, 2011 The FTSE 100 tracked falls in Asia as leaders of the world’s biggest economies gathered in France for a G20 summit set to be dominated by the threat of Greece falling out of the Eurozone. The leaders of France and Germany, angered at Greece’s shock move to call a referendum on its latest bail-out plan [...]
THE WEEK AHEAD October 30, 2011 COMPANY NEWS ● Barclays announces today. It traces its origins back to 1690, when John Freame and Thomas Gould traded as goldsmith bankers in Lombard Street. Eagle eyes await results. ● Imperial Tobacco announces tomorrow. Its brands include Davidoff, West, Gauloises Blondes, Montecristo and Drum. It was created in 1901 through the amalgamation of thirteen [...]
BEST OF THE BROKERS October 27, 2011 TATE AND LYLE Ahead of first half results next Thursday, Citi rates the sweetener company as “neutral” with a target price of £6.35. The broker forecasts revenues up three per cent to £1.4bn, operating profit up 8.3 per cent to £181m and earnings per share of 27.3p, a lift of 16 per cent. Citi expects [...]
Tate & Lyle faces closure of plant October 24, 2011 THE HISTORIC Tate & Lyle sugar refinery in east London may be forced to close, as its American owners are hit by new import tariffs imposed by the European Commission. ASR, which bought the 133-year oldplant in Silvertown from Tate & Lyle last year and licensed its brand name, has so far had to pay [...]
Tate & Lyle is on track for a profits boost September 29, 2011 SWEETENERS and starches maker Tate & Lyle sees a year of profitable growth, helped by strong demand for its sucralose zero-calorie sweetener Splenda and higher prices for its by-products. The group saw strong growth in sucralose volumes due to the product’s use in more food and drink products, and expects to benefit from higher prices [...]
FTSE falls on worries of China and copper losing momentum September 29, 2011 BRITAIN’S leading share index fell back yesterday, bucking firmer trends from both US and European equity markets and under pressure from big falls by heavyweight miners on lower copper prices amid concerns over future demand. Traders highlighted some anxiety over growth from major metals consumer China ahead of official September PMI numbers, due out on [...]
European markets bounce back August 11, 2011 European markets made a tentative recovery this morning after fears over France’s credit rating triggered losses across the globe. Rumours that agencies were planning to take away France’s Triple A rating were denied and President Sarkozy moved to reassure investors, which lifted stocks. The intervention came after the country’s banks took a battering yesterday with [...]
FTSE sinks below 5,000 August 9, 2011 The FTSE 100 plunged below 5,000 for the first time since 7 July 2010 as the crisis of confidence in world markets deepened. The latest plunge came after indices across Europe had opened on the front foot before returning to a downward spiral. Rallying calls form President Obama failed to limit the damage caused by [...]