Tate & Lyle to beat profit expectations as consumers cook at home during lockdown January 28, 2021 Sweetener manufacturer Tate & Lyle is set to beat profit expectations due to strong demand as more people cooked at home during lockdown. The firm, which sold its eponymous sugar brand in 2010, said its food and beverage solutions division recorded sales growth of eight per cent due to higher volumes, good prices and the [...]
Tate & Lyle appoints new finance chief following CFO’s departure for Tesco January 21, 2021 Tate & Lyle announced this morning the appointment of a new chief financial officer. Vivid Sehgal will take up the role in May but he plans to join the board of directors in March to work alongside the current chief financial officer Imran Nawaz. Current CFO Nawaz announced his departure in October as he moves [...]
Gerry Murphy to take chairman role at Tesco after John Allan resignation July 2, 2023 The UK’s biggest supermarket chain Tesco has appointed a new chairman after his predecessor stepped down amid allegations of inappropriate behaviour. Dr Gerry Murphy, current chairman of luxury fashion brand Burberry and Tate & Lyle, the ingredients maker, is to replace John Allan in the top job, Tesco said. He will take up the role [...]
Competition watchdog could block Tate and Lyle sugar deal amid fears it could lead to higher prices March 8, 2024 The competition watchdog has said it might block a tie between two major sugar companies if they cannot prove the deal won't lead to higher prices for shoppers.
Gerry Murphy: Who is Tesco’s new chair? July 2, 2023 Two months after Tesco’s former chair John Allan stepped down following allegations of sexual misconduct the ‘Big Four’ grocer has appointed boardroom heavyweight Gerry Murphy to fill the role. Dr. Murphy, an Irish businessman, is already the chairman of luxury fashion brand Burberry and sugar manufacturing business Tate & Lyle, however will step down from [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tate & Lyle Tate & Lyle appointed a food industry veteran as its new chief financial officer, who will also be posted to the board. Stepping into the role in mid-May, Dawn Allen joins from US food manufacturer Mars, Incorporated where she has been [...]
Tate & Lyle suffers slump in demand during coronavirus lockdown May 4, 2020 Tate & Lyle suffered a drop in demand for its products last month due to the closure of restaurants, cinemas and bars. The company said bulk sweetener volume in the US was 26 per cent lower due to reduced out-of-home consumption during coronavirus lockdowns. Meanwhile industrial starch volume was nine per cent lower as demand [...]
FTSE 100 close: Wizz Air nosedives while JD Sports and 3i shine in London January 26, 2023 London’s FTSE 100 jumped today, led higher by private equity firm 3i soaring after it dropped a strong crop of results, prompting traders to pile into its shares. The capital’s premier index climbed 0.22 per cent to 7,761.55 points, while the domestically-focused FTSE 250 index, which better reflects the health of the UK economy, leapt [...]
Tesco chief Ken Murphy collects £4.7m: 224 times overall pay of median staff member May 13, 2022 Ken Murphy, the chief of supermarket giant Tesco, received a £4.74m pay packet for the past year, the group has revealed in its annual report. The report, which was filed on Friday morning, said Murphy’s bumper total pay deal was 224 times the overall pay of the median member of staff at Tesco. It comes [...]
Tate Britain Commission: Hew Locke reclaims the Duveen Galleries March 26, 2022 The Tate Britain continues to put its more fashionable sibling the Tate Modern to shame with its flagship public installation, following up last year’s neon-soaked post-apocalypse by Heather Phillipson with a zeitgeist-capturing parade by British sculptor Hew Locke. The cavernous Duveen Galleries play the host to a rambling procession, with dozens – 150 to be [...]