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Share Price Information for Tate & Lyle (TATE)

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Share Price: 674.00
Bid: 675.00
Ask: 676.00
Change: 0.50 (0.07%)
Spread: 1.00 (0.148%)
Open: 674.00
High: 678.50
Low: 672.50
Prev. Close: 673.50
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Sector movers: Food stocks binned after Tate & Lyle profit warning

Fri, 06th Feb 2015 14:49

Tate & Lyle was dampening the food sector in London on Friday after the sweeteners maker disappointed investors with its second profit warning in just four months.Tate & Lyle said it now expects adjusted pre-tax profits for the year ending 31 March to be below previous guidance of £230m-245m.The profit warning, which is the Splenda sucralose manufacturer's third in a year, was blamed on a weaker-than-expected performance in its bulk ingredients division as capacity constraints in the US transportation network led to lower sweetener volumes.Meanwhile, weakened EU sugar prices affected bulk sweetener prices in Europe, and the company experienced a sharp deterioration in ethanol margins near the end of the period.The stock was down 14% at 571.3p by 15:32 on Friday afternoon, nearing its 52-week low of 551.5p reached in December.Mike van Dulken, the head of research at Accendo Markets, said: "Management obviously needs to do something to stir things up and improve current business trends if it wants to sweeten up investors and deliver a genuine share price reversal."Other food producers were also out of favour in London, including Provexis, Devro, Real Good Food, Dairy Crest and Premier Foods.News that Tesco was under investigation could also be hitting sentiment in the food sector on the back of concerns that the supermarket giant has mistreated suppliers. The Groceries Code Adjudicator is looking into whether the company has breached the Groceries Supply Code of Practice."The investigation will consider the existence and extent of practices which have resulted in delay in payments to suppliers," a statement said.Top performing sectors so far todayIndustrial Metals & Mining 1,808.22 +3.55%Banks 4,452.23 +1.46%Life Insurance 8,180.22 +0.66%Industrial Transportation 2,861.07 +0.61%Insurance (non-life) 2,058.02 +0.60%Bottom performing sectors so far todayFood Producers & Processors 7,921.60 -2.15%Mining 14,196.54 -1.85%Tobacco 42,419.59 -1.30%Food & Drug Retailers 3,188.25 -0.91%Automobiles & Parts 8,865.95 -0.89%
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13 Feb 2014 11:59

UK markets snap six-day winning streak after blue-chip profit warnings

- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce issue profit warnings - Lloyds underwhelms with higher profits in 2013 - Miners fall, AMEC and Imperial rise techMARK 2,811.28 -0.70% FTSE 100 6,624.61 -0.76% FTSE 250 15,968.13 -0.69% UK stocks opened firmly lower on Thursday after a

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13 Feb 2014 11:54

UK WINNERS & LOSERS: Tate & Lyle And Rolls Royce Guidance Disappoints

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.

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FTSE 100 - WINNERS

Imperial Tobacco Group, up 3.4%. The company has maintained its expecta

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13 Feb 2014 11:28

TOP NEWS: IAG's Iberia Reaches Major Agreement With Pilot's Union

LONDON (Alliance News) - The following is a summary of top news stories Thursday.
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COMPANIES
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International Consolidated Airlines Group PLC said Iberia has finally reached agreement in principle with pilots' union SEPLA

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13 Feb 2014 10:57

Shore Capital cuts Tate & Lyle forecasts after profit warning

Shore Capital has reiterated its 'hold' stance on sugar and sweeteners group Tate & Lyle following a 'constrained' third-quarter trading update in which it scaled back its profit guidance for the full year. The company said that, despite a solid start to the final quarter, constant-currency profits

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13 Feb 2014 10:49

MARKET COMMENT: Big Names Drag Dow FTSE, Pound Tests Multi-Year High

LONDON (Alliance News) - Main market UK stock indices are firmly lower Thursday, weighed on by disappointing results from some big corporate names. Meanwhile small-cap companies on the AIM All-Share are outperforming, with the market slightly higher. The pound has continued its rise against

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13 Feb 2014 10:40

UPDATE 2-Tate & Lyle warns on profit as sweetener price tumbles

By Martinne Geller LONDON, Feb 13 (Reuters) - British food ingredients firm Tate & Lyle cut its profit outlook on Thursday, citing a dramatic drop in prices of its sucralose artificial sweetener and weak sales volumes in developed markets. Shares of Tate & Lyle, which sells sucralose

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13 Feb 2014 10:11

UK BROKER RATINGS: Panmure Raises Shire Price Target 15%

LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning and Wednesday afternoon:
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FTSE 100
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GOLDMAN CUTS BRITISH AMERICAN TOBACCO PRICE TARGET TO 3408 (3420) PENCE - 'BUY'
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13 Feb 2014 09:19

Tate & Lyle's SPLENDA Performs In Line For Q3 But Fails To Sweeten Pretax Profit

LONDON (Alliance News) - Tate & Lyle PLC said Thursday that adjusted pretax profit for the third quarter came in lower than expectations, as volume and sales growth in its SPLENDA Sucraclose sweetner were in line with first-half levels and its expectations, ahead of impending price declines. <

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13 Feb 2014 08:30

UK stocks retreat from three-week high as earnings disappoint

- Stocks snap six-day winning streak - Tate & Lyle, Rolls-Royce, Lloyds and Rio fall after updates - AMEC, Imperial rise techMARK 2,817.35 -0.49% FTSE 100 6,649.80 -0.38% FTSE 250 15,999.35 -0.50% UK stocks opened with moderate losses on Thursday after poorly-received results and updates from a nu

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13 Feb 2014 08:24

UK MORNING BRIEFING: Lloyds To Set Out New Strategy By End Of 2014

LONDON (Alliance News) - The market is dissecting the Lloyds Banking Group earnings statement early Thursday. The state-controlled bank said it swung to profit in 2013, while confirming its intentions to restart paying a dividend and to sell off more of the UK government's sha

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13 Feb 2014 07:36

MARKET COMMENT: UK Stocks To Open Lower With Earnings In Focus

LONDON (Alliance News) - UK stocks are set to open lower Thursday, ahead of a busy day of corporate earnings, as the recent rally loses momentum. The pound has continued higher against the dollar overnight, following Wednesday's upgrade to UK growth forecasts by the Bank of England. The cen

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13 Feb 2014 07:29

Tate & Lyle scales back outlook, hurt by developed market weakness

LONDON, Feb (Reuters) - British food ingredients firm Tate & Lyle scaled back its outlook for the full year on Thursday after weak sales volume in developed markets dampened third-quarter results. The company, which supplies sweeteners and other ingredients to packaged food and drink maker

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13 Feb 2014 07:18

FTSE to pare recent gains ahead of quiet session

- Small losses ahead of quiet session - Yellen testimony postponed - Attention to turn to German CPI and Greek unemployment The FTSE is set to open in the red this morning ahead of what is expected to be a fairly quiet day. City sources predict the FTSE 100 will open 17 points lower than yesterda

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13 Feb 2014 07:11

Tate & Lyle forecasts flat FY profits as Splenda prices weaken - UPDATE

- Solid start to Q4 trading - Price falls to deepen for its Splenda sucralose sweetener product - Full-year expected to be broadly in line with last year Food and sweetener company Tate & Lyle said it made a solid start to the final quarter, despite weakness in Splenda sucralose pricing, and expec

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13 Feb 2014 06:15

UK Earnings, Trading Statements Calendar - Week Ahead

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