Tate and Lyle reaches sale agreement of American subsidiary May 23, 2024 Tate and Lyle has reached agreement with KPS Capital Partners for the sale of its remaining stake in Primient, an American subsidiary of Tate and Lyle. The firm said after the sale of its near 50 per cent stake, net cash proceeds, after tax and transactions costs, are expected to be around $270m (£215m). The [...]
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.
Tate & Lyle blames inflation for slip in revenue February 21, 2024 The update comes just days after the 100 year old brand revealed it would remove the dead lion from its plastic golden syrup and dessert bottles. A lion's head with a bee will replace the iconic logo.
Tate & Lyle sweetens board with veteran Safestore exec as new chair November 8, 2023 Tate & Lyle has poached a top-level executive at the self-storage giant Safestore to be its new director and board chair.
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 [...]
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 [...]
Sweet treat for Tate & Lyle shareholders as profits jump north of £300m May 25, 2023 Food and beverage ingredient supplier Tate & Lyle continued its strong performance this year with a 22 per cent boost in profits, as it shrugged off concerns over supply chain volatility and benefited from inflation driving up prices. The group, one of the world’s biggest producers of sweeteners such as high fructose corn syrup, made [...]
Morning in the City: Live updates on Ofgem price cap, AJ Bell, Young’s, Tate & Lyle and Starling chief quitting May 25, 2023 Welcome to City AM’s live blog on Thursday 25 May! Today we have results from AJ Bell, Young’s, Tate & Lyle and much more. Ofgem’s decision to lower the energy price cap is also big news this morning, with campaigners saying it will be little relief to consumers. What you need to know this morning:
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 [...]
Sucralose inventor Tate & Lyle expects to beat inflationary pressures despite fall in demand for artificial sweetners January 26, 2023 Tate & Lyle has posted a robust third quarter update, propped up by its food and beverage solutions division.