Best of the Brokers for 05 June 2014 June 4, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com MONDI Jefferies keeps its “buy” rating and raises its target for the packaging and paper producer to 1,325p. The broker thinks Mondi has the greatest emerging market presence in the sector and enough capacity on its balance sheet to pursue acquisitions or return cash [...]
What you need to know before the open May 29, 2014 European markets are expected up this morning, with the focus on the latest first quarter GDP number from the US. Bond prices continued to rise yesterday – in peripheral as well as UK and German ones – with the market still firmly decoupled from equities. Data-wise, things are quiet in Europe, with the significant numbers [...]
London Report: Help To Buy under the microscope as new data released May 27, 2014 HELP To Buy will be under the microscope again this week when the Treasury publishes data showing the impact of the second part of the controversial scheme to aid borrowers. Following fast-growing criticism that the mortgage guarantee element is fuelling a housing bubble, analysts will be keen to dissect the government’s figures on Thursday. More [...]
London Report: Mortgage lending data to shine light on housing boom March 30, 2014 MORTGAGE approval data for February, due out today, are likely to highlight more growth in the heated housing market. The figures will be closely watched after the Bank of England last week warned some borrowers may be overstretching themselves in the current fast-moving market. Purchasing Managers’ Index (PMI) data for manufacturing, construction and services published [...]
FTSE 100 down after reshuffle March 24, 2014 STOCKS joining the FTSE 100 index had a weak first day yesterday, joining as the market fell. Barratt Developments’ stock price dropped 2.4 per cent on its first day in the top index, while finance group St James’s Place dipped 1.52 per cent. Meanwhile FTSE 100 leaver Amec, the oil and gas firm, fell 0.91 [...]
FTSE reshuffle firms revealed March 5, 2014 BARRATT Developments and St. James’s Place are joining the FTSE 100, according to an announcement yesterday, as Amec and Tate and Lyle fall out of the index. Property firm Barratt has been buoyed by a burst of activity in construction, and its share price has nearly doubled in the past year. Heritage Oil, Infinis Energy [...]
Tate & Lyle could exit FTSE 100 to make way for St James’s Place March 3, 2014 TATE & Lyle, one of the original components of the FT 30, is on the verge of being demoted from the FTSE 100 as part of its quarterly reshuffle of the index, the London Stock Exchange (LSE) said yesterday. The food ingredients company will learn its fate tomorrow night when the exchange reveals the firms [...]
Best of the Brokers for 19 February 2014 February 18, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com CENTRICA UBS has cut the owner of British Gas to a “sell” and slashed its target from 340p to 280p in the wake of recent political attacks on the energy sector. UBS believes the threat of imposed profit restrictions are likely to discourage [...]
Tate & Lyle cuts profit forecast after price war February 13, 2014 SHARES in Tate & Lyle plummeted by 16 per cent yesterday after the food ingredients group cut its full-year profit forecasts and warned that its Splenda sweetener faced intense competition from generic rivals. The company said it expected prices for sucralose – the main ingredient of its Splenda sweetener – to be around 15 per [...]
Bottom Line: Too much sweetener leaves a bitter aftertaste for investors February 13, 2014 IN THE three-and-a-half years since Tate & Lyle sold its iconic sugar and golden syrup business to American Sugar Refining, investors have had a fairly sweet ride. Since its refocus as an agribusiness – manufacturing sweeteners, corn syrups, dietary fibres and texturants – shares have risen by a third, and as recently as November management [...]