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Sector movers: Consumer staples making gains

Tue, 08th Apr 2014 15:16

Consumer staples stocks were among the best performers on Tuesday in London with tobacco, food and beverage stocks leading the advance.Cigarettes and tobacco giant British American Tobacco was among the best performers on the FTSE 100 in afternoon trade, up 1.8%, along with cosmetics and food group Unilever, up 2.2%.Drinks makers Diageo and SABMiller were also higher.The positive moves could have been a result of the International Monetary Fund's World Economic Outlook report, in which it hiked its 2014 growth estimate for the UK economy to 2.9%, up from an initial forecast of 2.4%. This means that the UK will be the fastest-growing economy in the G7 this year.Ingredients manufacturer The Real Good Food Company, dairy group Ukrproduct and a host of food producers were also rising strongly in afternoon trade as investors largely shrugged off negative readacross from German sugar producer Suedzucker which issued a profit warning today. The XETRA-listed stock was down around 20% in afternoon trade in Frankfurt after the company warned that it expects a fall in revenues and profits this year due to tough European sugar and bioethanol markets.Top performing sectors so far todayTobacco 37,744.43 +0.91%Food Producers & Processors 7,485.14 +0.56%Beverages 13,950.45 +0.41%Industrial Metals & Mining 1,031.29 +0.24%Food & Drug Retailers 3,770.19 +0.19%Bottom performing sectors so far todayForestry & Paper 10,846.76 -3.82%Fixed Line Telecommunications 4,229.13 -3.36%Automobiles & Parts 8,844.90 -2.93%Personal Goods 22,604.70 -2.83%General Retailers 2,903.86 -2.60%BC
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25 Jun 2010 11:15

Real Good Food Unit Expects To Create 150 Jobs Over 3 Years

LONDON (Dow Jones)--Real Good Food Co., a UK bakery, ingredient and sugar group, (RGD.LN), said Friday its subsidiary, Hayden's Bakeries, intends to create up to 150 new jobs over the next 2 years - 3 years. MAIN FACTS: -Hayden's Bakeries launched an additional 33,000 square feet of capacity

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29 Sep 2009 09:47

Small Cap round-up: Metalrax, Payzone, PanAndean...

Engineer Metalrax slipped into a loss of £2.5m in the half year to June reflecting difficult market conditions. However, the seasonality in some of the key businesses combined with the benefits of turnaround and cost cutting actions create a more positive outlook for the second half. Sales fell to £

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9 Jun 2009 08:35

Small caps round-up: Cellcast, Haike, Real Good Food ...

Cellcast, a provider of technology that allows TV images to be viewed on mobile phones, moved into profit in 2008 after cutting costs and lifting revenues. The firm posted a pre-tax profit of £180,000 for the year, compared to a £2.15m loss the previous year. Revenue climbed to £16m from £12m. The

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