Sugar sweetens FTSE

clock

In the UK the FTSE 100 Index has recouped points lost yesterday adding about 14 to 5,086 this morning, led by Associated British Foods.

The sugar maker has added 15.50p to 803.50p, after analysts raised its share rating to 'buy' from 'neutral'. The European Commission have lobbied for cuts in the block's sugar price, to open up the world's second-biggest market for the sweetener. Analysts however, expect the cuts to be smaller than first expected. Barclays and GlaxoKlineSmith are both trading higher, adding 6p to 539.50p and 15p to 1,352p respectively. On the other end of the board Smith & Nephew has retreated 8.50p to 542p, while Tate & Lyle is down 6p to 478p. In Tokyo the Nikkei 225 Stock Average got back to its...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read
FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 May 2025 • 1 min read
Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

Partner Insight: Debt, deficits, and market resilience: Is your portfolio prepared?

The world is awash in debt. In the US, government borrowing has surged past 100% of GDP, and the fiscal deficit is at a level typically seen in wartime. Other major economies are in similar situations. So, what does this deluge of debt mean for markets?

Orbis Investments
clock 22 May 2025 • 5 min read