Hints and tips:
...Unilever veteran Isabelle Esser has joined the board of Tate & Lyle as a non-executive director....
...DMGT shares closed on Friday at £10.40, Briefly Tate & Lyle plans to sell most of its commercial sweeteners business for $1.3bn....
...They have yet to announce any decisions on the matter, making the bank one of the last lenders to act along with Morgan Stanley....
...Tate & Lyle has recruited Vivid Sehgal as its new finance chief effective in May. He replaces Imran Nawaz who is departing to become chief financial officer of Tesco....
...Jefferies upgrades Tate & Lyle to buy. “Sure we expect EPS to be flat in FY21....
...However, this is subject to error and we expect more financial guidance from the company in the coming days and weeks.”Berenberg Sellside stories ● Jefferies downgraded Tate & Lyle, the food ingredients...
...cut to “hold” at Deutsche Bank; K+S cut to “hold” at Société Générale; Kloeckner raised to “buy” at Jefferies; SSAB cut to “neutral” at Macquarie; Salzgitter cut to “underperform” at Jefferies; Tate & Lyle...
...Barclays gave Tate & Lyle an 800p target price based largely on steady growth from its portfolio of non-sugar sweeteners, texturises and fibres....
...” ● In brief: Halma downgraded to “add” at Investec; Greencore raised to “add” at Numis; Tate & Lyle cut to “reduce” at Kepler; Anglo Pacific Group upgraded to “buy” at Peel Hunt; Deutsche Post cut to “...
...Tate & Lyle climbed after the ingredients maker beat consensus forecasts with its full-year earnings and raised 2018 expectations by about 10 per cent....
...Tate & Lyle raised to “buy” at Kepler Cheuvreux. Oddo upgrades easyJet to “buy”. Nostrum Oil & Gas raised to “buy” at Renaissance Capital. Aena raised to “neutral” at JPMorgan....
...Just Eat put on 4.2 per cent to 800p with Morgan Stanley upgrading the stock to “equal weight”....
...Prior to joining Evercore, where he was co-head of the boutique’s sports group, Mr Ayes had stints in places including at US law firm Shearman & Sterling and Morgan Stanley....
...Bank of America, JPMorgan Chase, Morgan Stanley, Goldman Sachs and Wells Fargo all rose between 3 and 5 per cent. But not all banks benefited from the rally....
...Charles Stanley, the broker, admitted to pressure on its margins from a slowdown in share trading and rising costs, while banknote printer De La Rue said aggressive pricing from commercial rivals and tougher...
...Its third profit warning in a year sent Tate & Lyle, the ingredients maker, tumbling 13.7 per cent to 573.5p....
...Mitchells & Butlers rose 4.4 per cent to 395p on a Morgan Stanley upgrade to “overweight”....
...Morgan Stanley estimates the bank may reduce its dividend in response to these pressures....
...“In 1947,” recalled Gore Vidal, “when Marlon Brando appeared on stage [as Stanley Kowalski] in a torn sweaty T-shirt, there was an earthquake.”...
...A Morgan Stanley upgrade lifted ICAP 6.7 per cent to 400p....
...HSBC eased 1.7 per cent to 602.5p on a downgrade to “underweight” from Morgan Stanley....
...Tate & Lyle rose 1.8 per cent to 774.5p on an upgrade from JP Morgan Cazenove, which favoured specialist ingredient makers over food producers....
...Tate & Lyle climbed 0.8 per cent to 786.5p but may reverse after an overnight downgrade from Morgan Stanley....
...Separately, Morgan Stanley advised going short ahead of Chartered’s third-quarter results due on October 29....
...Tate & Lyle also delivered reassuring results, lifting its shares 3.6 per cent to 853p....
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