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Specialty food ingredients manufacturer Tate & Lyle continues to transform itself, a process which has been on-going since its mid-20th century role as one of Britain's main sugar refiners, having recently invested in a new innovation centre in the US Midwest - in Chicago - and launching a drive in
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Cyclical stocks - which have led equity market gains over the past month and a half - have further to run, reckons Credit Suisse, highlighting ITV, Kingfisher, Lufthansa , Assa Abloy, WPP and SAP. "The ratio of cyclicals to defensives should be circa 5 percent higher given the level of IFO
Read moreStocks sank sharply on Friday morning, continuing the volatile pattern seen over the past week, as traders cautiously awaited more economic figures from the States. Stocks gained slightly yesterday as a worse-than-expected second reading of US gross domestic product growth and a rise in jobless cla
Read moreThe FTSE 100 finished the day higher, although sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators due out Stateside, which in the end all came in slightly worse than expectations. Such figures may help a little to c
Read moreResults from Kingfisher may have come in well below estimates for the first quarter as the gloomy cold weather kept customers away, but Credit Suisse said it remains upbeat about the business, keeping an 'outperform' rating for the stock. The stock was among the best performers on the FTSE 100 on T
Read moreRetail stocks were putting in a mixed performance on Thursday with High Street stocks making gains and supermarket firms in the red. The General Retail sector was among the best performing categories this afternoon with B&Q owner Kingfisher making solid gains despite a slightly disappointing first-
Read moreThe FTSE 100 was making meagre gains on Thursday morning as sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators. Global economic concerns sent London's top-tier index down 2.0% on Wednesday after the OECD slashed its
Read moreMarkets opened slightly higher on Thursday morning after falling to a two-week low the day before as concerns about the global economy continue to unnerve investors. The FTSE 100 slumped 2.0% on Wednesday after the OECD slashed its global growth estimates and the International Monetary Fund reduced
Read moreKingfisher reported a 0.4 per cent fall in first quarter sales to 2.6bn pounds as a result of weak consumer confidence and unseasonably cold weather in March and early April. The home improvement retailer's sales in France dropped by 3.8% to £1.08m, reflecting fewer trading days compared to the fir
Read moreLONDON, May 30 (Reuters) - Kingfisher, Europe's largest DIY retailer, posted a near-30 percent drop in first quarter profit as weak demand and poor weather continued to hit trade in its key markets. The group, which runs B&Q and Screwfix in the UK and Castorama and Brico Depot in France, on
Read moreLONDON, May 30 (Reuters) - Kingfisher, Europe's largest DIY retailer, posted a near-30 percent drop in first quarter profit as weak demand and poor weather continued to hit trade in its key markets. The group, which runs B&Q and Screwfix in the UK and Castorama and Brico Depot in France and
Read moreThe recent bullish mood on equity markets quickly faded on Thursday as mixed messages from the Federal Reserve and a slowdown in China sparked a heavy sell-off on the FTSE 100, which lost more than two per cent of its value. Answering questions in Congress last night was Fed Chairman Ben Bernanke w
Read moreMarkets tumbled by around two per cent on Thursday morning as investors chose to take profits in the aftermath of comments from the head of the US Federal Reserve and a disappointing reading of manufacturing activity in China. The FTSE 100 had surged to a fresh 13-year high high of 6,840 the day be
Read moreThe recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead. Nomura stands 6.0% below consensus with its profit before t
Read moreThe recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead. By Wednesday's closing price, the DIY retail stock had gain
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