The name of Tate&Lyle ought perhaps to be changed, argues The Times's Tempus on Wednesday morning. This is because with each passing day traditional sugar is less and less what it does. Thus, about 55% of profits now come from Specialty Food Ingredients (SFI), mainly sweeteners and starches, that go into processed foods. The rest is from processing corn into fructose for soft drinks and so on. Furthermore, with the ever increasing diabetes epidemic demand is set to keep growi [23 Jan '13]
Utilities group Severn Trent released a brief statement on Friday saying it has accepted the revised `Section 13' licence modification proposals from Ofwat, which were published on December 21st. [18 Jan '13]
Banks were leading the risers on Wednesday after UBS hiked its targets for the Lloyds, Barclays and RBS, saying 'the UK is over its experiment of combining fiscal and monetary austerity'. The broker revised its price target on Lloyds to 60p (from 50p), for Barclays to 315p (from 255p) and RBS to 410p. [9 Jan '13]
Miners and financial stocks were bearing the brunt of the bearish mood on markets on Friday as investors cut positions in riskier assets on concerns over the US economy. However, Randgold Resources was bucking the trend as gold prices advanced following heavy losses this week. [21 Dec '12]
On the last full day of trading before the Christmas holiday, there was little evidence of a 'Santa Rally' on the FTSE 100 with worries about the 'fiscal cliff' Stateside providing a drag on the market. [21 Dec '12]
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