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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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Real Good Food sees revenue pick-up across markets

(Sharecast News) - Real Good Food said in a trading update on Wednesday that it had seen a pick-up in revenues across each of its markets in the year-to-date.

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20 Oct 2021 11:34

IN BRIEF: Real Good Food makes good start, ready for busy second half

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UK shareholder meetings calendar - next 7 days

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21 Sep 2021 12:01

Real Good Food proposes delisting as sales fall, loss narrows

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Real Good Food to ditch AIM listing after loss

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AIM WINNERS & LOSERS: Real Good Food sinks on delisting fears

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IN BRIEF: Real Good Food extends shareholder funding arrangements

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28 May 2021 18:01

TRADING UPDATES: VH Global enters Brazil with USD63 million funding

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28 May 2021 13:25

Real Good Food gets shareholder help with disposal costs

(Sharecast News) - Real Good Food updated the market on the completed disposal of Brighter Foods on Friday, reporting that major shareholders Napier Brown, Omnicane, and certain funds managed by Downing had each agreed to contribute £0.18m towards the costs it incurred around the sale.

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4 May 2021 15:50

UK shareholder meetings calendar - next 7 days

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22 Apr 2021 14:01

IN BRIEF: THG buys snack bar maker Brighter Foods from Real Good Food

IN BRIEF: THG buys snack bar maker Brighter Foods from Real Good Food

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26 Jan 2021 11:59

EARNINGS: Cleaner React Gets Pandemic Boost But Retailer Quiz Suffers

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AIM WINNERS & LOSERS: Yu Group Shares Rise As Lifts 2021 Outlook

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