Tate & Lyle is off to sweet start to year July 28, 2011 BRITISH sweetener and starches maker Tate & Lyle said it had made an encouraging start to the new financial year and expected another year of profitable growth amid growing demand for its speciality ingredients. The London-based group, which makes sucralose zero-calorie sweetener Splenda, was giving an update for its first quarter trading ahead of its [...]
FTSE pegged back as US debt dominates July 28, 2011 The FTSE 100 started on the back foot in early trading as the saga surrounding the US debt crisis continued to pile pressure on world markets. A glut of major corporate results revealed mixed fortunes as giants like BT, Centrica and AstraZeneca reported. With US politicians still tussling over whether to raise the country’s debt [...]
FTSE solid as investors eye US jobs data July 8, 2011 The FTSE 100 started out on the front foot today as investors awaited key US jobs data to assess the strength of the country’s economic recovery. Positive performances on Asian markets and on Wall Street buoyed sentiment in London with the non farms payroll figures to set the tone for trading later. Greece will also [...]
National Grid appoints new chairman July 1, 2011 Power infrastructure supplier National Grid has appointed Sir Peter Gershon, chairman of Tate & Lyle and former head of the Office of Government Commerce, as its new chairman. Sir Peter will join the National Grid board on August 1 and then replace Sir John Parker, who steps down as chairman, on January 1, after nine [...]
CITY MOVES | WHO’S SWITCHING JOBS June 30, 2011 Penningtons Penningtons Solicitors has boosted its corporate practice by appointing James Klein as a partner. Klein, who was previously a partner with Berwin Leighton Paisner, will lead the corporate team at Penningtons’ City office, bringing the number of partners at the firm to 63. Klein has a strong track record of corporate finance transactions, including [...]
FTSE climbs as investors pile into financial stocks June 28, 2011 FINANCIAL stocks helped Britain’s top share index climb yesterday as hopes of a resolution to Greece’s debt problems spurred appetite for riskier assets. Banks were in demand, led by part state-owned Royal Bank of Scotland as investors bet the Greek parliament will this week vote through austerity measures needed to secure more aid from international [...]
TUI exits blue chip index in FTSE reshuffle June 8, 2011 TRAVEL company TUI Travel will leave the FTSE 100 index on 20 June as part of the latest quarterly reshuffle of British indices. Food ingredients maker Tate & Lyle will be promoted from the FTSE 250 index as a replacement, re-entering the blue chip index for the first time since March 2009. TUI Travel shares [...]
TUI faces FTSE 100 exit June 6, 2011 TRAVEL firm TUI Travel may lose its blue chip status at the quarterly reshuffle of UK indices later this week, according to data from FTSE. Based on Friday’s closing share prices, TUI Travel is the only FTSE 100 stock at 111th position or below in the indices and, therefore, the only candidate for potential demotion [...]
BEST OF THE BROKERS May 31, 2011 ERICSSON UBS rates the telecommunications company a “buy” and has a 12-month target price of $16.04 (£9.72), up from $15.24. The broker has raised its earnings forecasts by four to six per cent for 2012 onwards and has raised its capital expenditure forecasts to around four per cent a year on the back of new [...]
Tate&Lyle beats forecasts and plots more growth May 27, 2011 Sweeteners and starches maker Tate & Lyle beat forecasts with a 34 per cent rise in year profits on Friday helped by higher corn prices and gave an upbeat outlook as it sees another year of profitable growth. The maker of sweeteners like Splenda and starches said it saw a year of good sales growth [...]