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PUREThu, 11th Apr 2013 16:13
Westhouse Securities still expects a "sales lift-off" at sweetener maker PureCircle, but admits it will be a "tortuous path". A profit of $2.3m in 2009 turned to a loss of $7.5m in the six months ended 31 December and revenue slumped from $37.5m to $13.6m. The broker says the scale of the revenue
Read moreThe FTSE 100 remained broadly flat since 0900, holding on to gains made in early trading. Sentiment was boosted by signs of progress being made in the handling of the nuclear crisis. Two reactors at the Fukushima Daiichi nuclear power plant in Japan were successfully brought into cold shut down unde
Read moreStocks have largely been in consolidation mode in the afternoon session after a strong performance this morning. Telecoms titan Vodafone is a high riser on the back of AT&T's $39bn bid for Deutsche Telekom's T-Mobile USA. If the bid is allowed, the enlarged firm will become number one, but both AT&
Read moreSweetener maker PureCircle fell deep into the red during the first half as sales were slashed by the timing of off take volumes for one of its material global contracts. The firm lost $7.5m in the six months ended 31 December compared with a profit of $2.3m a year earlier. Revenue plunged from $37.
Read moreGalliford Try's housing completions rose by 28% to 851 units; 779 net of joint venture partners' share (2009: 663 and 638) in the half year to December. Housing reservations are up by 11% to £359m. Construction saw order books maintained at £1.75bn. "While remaining cautious in the short term, the
Read moreCPP non-executive director Peter Morgan has bought back all the shares he sold in June. The repurchase of 51,696 shares comes the day after the identity theft and credit card insurer released its interim management statement for the period since the end of June 2010. Morgan sold the shares for 2
Read moreThe acquisition by Unilever of US-based Alberto Culver for $3.7bn in cash is a big deal, both in a literal and colloquial sense, according to Charles Stanley, which has reiterated its recommendation to accumulate shares in the consumer products giant. Jeremy Batstone-Carr, head of private client re
Read moreWesthouse Securities has lowered its profit projections for PureCircle after the sugar-substitute producer's disappointing full-year results but remains a buyer of the shares. "We have lowered our numbers and our price target reflecting the somewhat unpredictable growth trajectory but remain convin
Read moreFootsie gave up a brief rally to close in the red on an uncertain day's trading in the wake of Federal Reserve chairman Ben Bernanke's nervous comments on US economic prospects yesterday. Shares in the US moved lower despite having rallied earlier. Similar sentiments to those expressed by Bernank
Read moreLeading shares made steady progress over the lunch time session returning the blue-chip index more or less back to where it finished overnight. Mining stocks are primarily responsible for the Footsie's level position, with industrial metal miners such as Antofagasta, Kazakhmys and Rio Tinto now do
Read moreSugar replacement firm PureCircle said full year operating profit slumped as it decided to move all sales solely to end users. The group, which produce stevia as a replacement to sugar, said operating profit fell to $4.5m in the year ended 30 June compared to $12.1m the same period a year earlier.
Read moreOver the next couple of years it's possible that the online gaming industry will emerge from its troubled past and boom again as it did in the early years of this century. With this in mind, the Mail on Sunday reckons the London-listed online bookmaker Sportingbet might be worth a flutter. Sportin
Read moreBad weather held up drilling at Gulfsands Petroleum's Lambouka-1 well in Tunisia last week, stopping installation of the Blow Out Preventer (BOP) on the well head on the sea floor. The company, which is buying a 30% participating interest in the Kerkouane licence offshore Tunisia and the adjacent P
Read moreLONDON (Dow Jones)--PureCircle Ltd (PURE.LN), a producer and marketer of high purity stevia products said Thursday that it has entered into a five year agreement to source stevia leaf from S&W Seed Company Inc. and its subsidiary, based in Five Points, California. MAIN FACTS: -The company ha
Read moreLONDON (Dow Jones)--PureCircle Limited (PURE.LN), a producer and marketer of high purity stevia products, Wednesday announces five major contract wins with Danone S.A. (DANOY), Unilever PLC (UL), Bimbo Bakeries, Dean Foods Co. (DF) and Kerry Ingredients. MAIN FACTS: -The company gave no fina
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