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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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IN BRIEF: Real Good Food Pleased With Better Third Quarter Performance

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IN BRIEF: Real Good Food Uses One Month Extension For Interim Results

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18 Dec 2020 15:30

IN BRIEF: Real Good Food Annual Loss Narrows; Easing Restrictions Help

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IN BRIEF: Real Good Food Trading Improves In Third Quarter

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2 Dec 2020 13:04

IN BRIEF: Real Good Food Improves Loan Terms; Says Trading Recovering

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21 Oct 2020 16:09

UK EXECUTIVE CHANGE SUMMARY: Real Good Food Chair Becomes Executive

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19 Oct 2020 21:19

IN BRIEF: Real Good Food Amends Brighter Foods Shareholder Terms

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23 Sep 2020 19:09

UK TRADING UPDATE SUMMARY: Joules In Lockdown Hit But Online Surges

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23 Sep 2020 09:10

Real Good Food YTD revenues slip, losses widen

(Sharecast News) - Food manufacturing business Real Good Food said on Wednesday that revenues had slipped in the first five months of the trading year due to the Covid-19 pandemic.

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16 Sep 2020 15:54

UK Shareholder Meetings Calendar - Next 7 Days

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28 Jul 2020 19:46

IN BRIEF: Real Good Food Raises Receivables Facility To GBP11 Million

IN BRIEF: Real Good Food Raises Receivables Facility To GBP11 Million

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8 Apr 2020 15:50

Real Good Food looking at period of depressed demand

(Sharecast News) - Real Good Food updated the market on its trading for the financial year ended 31 March on Wednesday, as well as the impact of the Covid-19 coronavirus pandemic, reporting that revenues for the year were "broadly in line" with its expectations, although performance was impacted in March due to the pandemic.

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8 Apr 2020 14:46

UK TRADING UPDATE SUMMARY: Novacyt Gets WHO Covid-19 Test Kit Okay

UK TRADING UPDATE SUMMARY: Novacyt Gets WHO Covid-19 Test Kit Okay

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