|Bid||701.80 x 0|
|Ask||702.20 x 0|
|Day's range||696.40 - 702.40|
|52-week range||628.20 - 810.00|
|Beta (3Y monthly)||1.21|
|PE ratio (TTM)||18.19|
|Forward dividend & yield||0.29 (4.17%)|
|1y target est||N/A|
Today we are going to look at Tate & Lyle plc (LON:TATE) to see whether it might be an attractive investment prospect...
(Bloomberg) -- Follow @Brexit, sign up to our Brexit Bulletin, and tell us your Brexit story. Boris Johnson’s EU adviser is in Brussels for the first time and will reinforce the new prime minister’s core message: the U.K. will leave the European Union with or without a deal on Oct. 31. Johnson himself is visiting Northern Ireland where he promised not to put up a hard border if there’s no divorce deal.Must read: U.K.’s Johnson Won’t Back Down on Brexit Despite Plunging PoundKey Developments:Johnson met Northern Irish politicians as he tried to get parties to restore devolved institutions Premier’s Brexit adviser David Frost headed to Brussels for his first face-to-face talks there with EU officials Pound rose 0.5%, though it’s still down 4% this monthLeadsom Says U.K. Stepping Up Brexit Plans (3:30 p.m.)The U.K. is stepping up preparations for Brexit, including for a no-deal outcome, Business Secretary Andrea Leadsom said after meeting with corporations including General Electric, BAE Systems and Tate and Lyle Sugars. She said her top priority is to help businesses of all sizes prepare for Britain’s departure from the European Union on Oct. 31.“While there are challenges, business leaders were optimistic and clear that none are insurmountable,” Leadsom said in a statement. “We are stepping up a gear and increasing the pace of our preparations.”Other companies represented included JML Group, Laing O’Rourke, Scottish Power, Ineos, and JD Wetherspoon, whose chairman, Tim Martin, campaigned for Leave in the 2016 referendum. The new business secretary is due to meet with business organizations on Thursday.Ireland ‘Won’t be Bullied,’ Varadkar Says (1:20 p.m.)Ireland “isn’t going to be bullied” on the backstop issue and will stick to its position, Prime Minister Leo Varadkar said in an interview with the Irish Mirror newspaper published Wednesday.We are going to need to stand firm, he said, adding that there is “total support” from the EU. His call with his U.K. counterpart Boris Johnson on Tuesday “went reasonably well,” he said.Johnson: U.K. Will Not Put Infrastructure on Border (1 p.m.)The U.K. will not put infrastructure or carry out physical checks at the Irish border regardless of how Britain leaves the European Union, Prime Minister Boris Johnson told leaders of Northern Ireland’s main political parties on Wednesday, according to a statement from his office.Johnson reiterated his promise to leave the EU on Oct. 31 “come what may,” a Downing Street spokesperson said, and “restated his intention to do so with a deal.” The prime minister also told the political leaders he was committed to the Belfast peace agreement and to strengthening the union of the U.K. -- and Northern Ireland’s place in it.The primary focus of Johnson’s meetings was to boost the restoration of power sharing in Northern Ireland and to help get its devolved institutions up and running, according to the statement.Johnson’s Brexit Adviser in Brussels for Talks (12:30 p.m.)David Frost, Boris Johnson’s Brexit adviser, is in Brussels for talks with EU officials, the prime minister’s office said.Frost will repeat the message the premier gave to Commission President Jean-Claude Juncker -- that the U.K. wants a deal but the withdrawal agreement must be reopened and the backstop scrapped.EU spokeswoman Annika Breidthardt said they would be introductory meetings. “It’s a new sherpa, our officials always meet with the sherpa so it’s a meeting on that basis,” she told reporters.Donaldson Convinced of Johnson’s Determination (10:30 a.m.)Boris Johnson is “absolutely” prepared to to take the U.K. out of the EU by Oct. 31, without a deal if necessary, DUP lawmaker Jeffrey Donaldson said. Johnson is focused on delivering Brexit rather than a general election, Donaldson, who had dinner with the U.K. Prime Minister on Tuesday, told RTE Radio.Donaldson suggested putting a time limit on the backstop as a potential compromise, rather than abolishing it outright as Johnson has demanded, and said he discussed the issue with Johnson on Tuesday night. The DUP, which props up Johnson’s government, does not want a no-deal Brexit but will accept it if need be, Donaldson said.Speaking after Donaldson on RTE, Irish Agriculture Minister Michael Creed repeated his government’s stance that the backstop cannot be time limited.Poll Lead for Johnson (10 a.m.)The latest survey of voting intention in a general election by YouGov (for the Times newspaper) showed Boris Johnson’s Conservative Party maintain its double-digit lead over the main opposition Labour Party, led by Jeremy Corbyn.The Tories are on 32%, according to the survey of 2,066 adults on July 29-30, with Labour on 22%. That compares with 31% and 21% respectively in the equivalent survey conducted July 25-26. The Liberal Democrats are on 19%, down a percentage point, and Nigel Farage’s Brexit Party on 13%, showing no change from earlier in the month.On the issue of preference for prime minister, Boris Johnson was backed by 42%, compared to 21% for Corbyn -- 34% of respondents couldn’t choose between the two, according to YouGov.Leadsom to Meet With Company Executives: Sky (9:45 a.m.)U.K. Business Secretary Andrea Leadsom is planning to meet on Wednesday with executives from companies including JD Wetherspoon and Tate & Lyle, which have previously expressed support for Brexit, Sky News reported, citing people it didn’t identify close to the minister.Brexit Changing Minds on Unification: Sinn Fein (8:30 a.m.)Sinn Fein President Mary Lou McDonald said Brexit is changing minds in Northern Ireland on the issue of a united Ireland, and said the U.K. must lay out what it sees as the threshold for a so-called border poll or referendum on unification.“Brexit has raised fundamental questions around the wisdom and sustainability of the partition of our island,” McDonald told BBC Radio 4, adding that even some unionists are willing to have the conversation on unification. “It’s changed the entire political dynamic.”McDonald said she wishes Britain wasn’t leaving the European Union, referring to it as a “piece of astonishing political and economic self-harm.”“If you are democratically intent on it, who are we to stop you?” she said. “But you can’t wreck Ireland in the process.”Earlier, Democratic Unionist Party leader Arlene Foster said there’s “no evidence” of demand for a border poll in Northern Ireland.Foster Says Dublin Must ‘Get Real’ (7:40 a.m.)Arlene Foster, leader of the Northern Irish Democratic Unionist Party, said Boris Johnson is focused on getting a Brexit deal and it’s time for the government in Dublin to “get real.”She had dinner with Johnson on Tuesday evening. They didn’t discuss the confidence and supply agreement, which sets out the terms of the DUP’s support for the minority Conservative government. They did discuss Brexit, she said in an interview with ITV.Foster is not in favor of a no-deal exit, but said the EU’s attempt to divide Northern Ireland from the rest of the United Kingdom is unacceptable. The DUP opposes the so-called backstop, which aims to prevent a border with the Republic of Ireland but keeps the U.K. tied to EU rules. Johnson has vowed to rip it up.Johnson is also trying to get the parties in Northern Ireland to restore the devolved assembly and executive, which have been suspended since 2017. But Brexit, and the DUP’s relationship with the Conservative government, are obstacles, according to the other main Northern Irish party Sinn Fein.Sinn Fein’s Michelle O’Neill said the relationship between the DUP and the U.K. government is “toxic” and that Brexit is being “foisted upon us.”“The British government are playing fast and loose with our peace process,” she told ITV.Adults Needed: Smurfit CEO (7:30 a.m.)The CEO of Smurfit, an Irish paper and packaging maker, is hoping the “adults will take over and make sure” there’s a Brexit deal.“It’s a really important issue for us that there is a deal,” CEO Tony Smurfit told Bloomberg TV.Earlier:Sterling’s Slump May Not Sow Seeds of Economic Upswing This TimeJohnson Aims to Meet Brexit Bus Pledge With Health-Care Boost\--With assistance from Thomas Penny, Tim Ross, Stuart Biggs and Jessica Shankleman.To contact the reporters on this story: Peter Flanagan in Dublin at email@example.com;Alex Morales in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Emma Ross-Thomas at email@example.com, Thomas Penny, Stuart BiggsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Johnson Matthey on Wednesday lowered the profit outlook for its largest unit that makes pollution filters for cars and trucks and announced the departure of the unit's head, sending its shares down more than 3%. Shares of the FTSE 100 company was the biggest loser on London's blue-chip index. The moves follow scrutiny of Johnson Matthey's catalytic filters for trucks, which have been linked to emission issues at truckmakers Volvo and Cummins.
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Tate & Lyle plc...
* STOXX 600 end at highest in nearly a year, up 0.85% * FTSE 100 boosted by weak pound * EU leaders choose France's Lagarde for ECB * Italy avoids EU sanction threat, bank stocks rally * S&P 500 hits fresh record high July 3 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org CLOSING SNAPSHOT: LAGARDE EFFECT (1627 GMT) Bets that ECB chief nominee Christine Lagarde will strengthen the big global dovish camp boosted euro zone stocks with defensive sectors from healthcare food and beverage leading the broad-based rally. Gains in Europe and a FTSE 100 supported by a weaker sterling amid continued Brexit worries drove the pan-European STOXX 600 to its highest level in nearly one year.
* STOXX 600 hits highest in nearly a year, up 0.8% * FTSE 100 driven by JD Sports, "sin" stocks * STOXX food & beverage index hits fresh record high * EU leaders choose France's Lagarde for ECB * S&P 500 futures hit fresh record high July 3 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. As it finalises recommendations for the EU on meeting requirements for the Basel III accord, the banking watchdog said major EU banks face a collective shortfall of 135 billion euros to meet global capital requirements by 2027. "EBA recommendations - a capital negative, but politicians unlikely to follow through, in our view," says Credit Suisse analyst Jan Wolter.
* STOXX 600 hits highest in nearly a year, up 0.8% * FTSE 100 driven by JD Sports, "sin" stocks * STOXX food & beverage index hits fresh record high * EU leaders choose France's Lagarde for ECB July 3 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Here are their main takeaways: * NO VISIBILITY: "The global car sales/production trend is dependent on China, as Western Europe might decline and the U.S. could continue to roll over, be it with a richer light-truck mix. The comps are a lot easier in China and Europe, but will this be enough?" * WARNING SEASON: "H1 has probably been tougher than feared and market participants do not seem to have any visibility on H2: most might officially capitulate on 2019 outlook (Faurecia, Schaeffler) or deplete guidance either in Q2-19/H1-19 (Conti, POM) or in Q3 (Valeo, Stabilus), still assuming from a Summer viewpoint that they can still deliver on demanding targets." * CASH FLOW OR DIVIDEND AT RISK: "Most players should announce (further) cost-cutting should lacklustre production extend into Q3-19 (POM/Valeo/Leoni/Hella) to try and protect cash.
* STOXX 600 hits highest since May 1 * FTSE 100 driven by JD Sports, "sin" stocks * STOXX food & beverage index hits fresh record high July 3 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: email@example.com DOVES FLY ON LAGARDE ECB NOMINATION (0821 GMT) The rally in Europe this morning is decidedly defensive with food & beverage, utilities, healthcare and real estate sectors leading the charge. High dividend stocks including AB InBev, British American Tobacco, Diageo, Unilever, and Nestle are among the biggest boosts to the STOXX as investors search for yield, reacting to what's likely to be a lower-for-longer interest rate environment.
Britain's main index rallied to a 10-month high on Wednesday as sterling fell after weak economic data, which aided exporter firms, reinforced bets that the Bank of England would cut interest rates and drove investors to high-dividend stocks. The FTSE 100 rose 0.7%, scaling its highest level since Aug. 29, boosted by shares of companies that book a major chunk of their revenue overseas. The FTSE 250 added 0.6%.
* STOXX 600 up 0.3%, driven by defensive sectors * FTSE 100 driven by JD Sports, "sin" stocks * STOXX food & beverage index hits fresh record high July 3 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: firstname.lastname@example.org OPENING SNAPSHOT: GAINS IN DEFENSIVES ON DOVISH ECB PICK (0729 GMT) European stocks have opened 0.4% higher, led by strong gains in defensive sectors such as utilities, food & beverage (which hit a fresh all-time high) and real estate. The pan-European STOXX 600 hit a 2-month high, wiping off losses from the trade war escalation in May. Meanwhile the euro zone's banking index is sliding 0.6% after Christine Lagarde was named as the next ECB president, a pick interpreted as dovish and meaning lenders will have to wait even longer for a rate rise.
Does the June share price for Tate & Lyle plc (LON:TATE) reflect what it's really worth? Today, we will estimate the...
It expects progress to be limited by lower profit from sucralose products and market challenges in primary products, which consist of high-volume sweeteners, industrial starches and fermentation products. Shares in the British food ingredients maker were 4.2% lower at 758.8 pence at 1045 GMT, making then one the biggest percentage losers on London's midcap index. The company, which traces its roots back to a sugar business in 1859, said it had felt the effects of one-off costs from both the sale of its oats ingredients unit and a simplification drive.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Tate & Lyle plc's (LON:TATE) P/E ratio and reflect on what it tells us about the company's share price. Tate & Lyle...
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Today we'll look at Tate & Lyle plc (LON:TATE) and reflect on its potential as an investment. To be precise, we'll consider its Return On Capital Employed (ROCE), as thatRead More...
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