Tate & Lyle reports flat profit but keeps investors sweet by sticking to guidance November 8, 2018 Tate & Lyle posted flat profits and revenue in its half-year results today, but sweetened the news for investors by maintaining its full-year outlook and fractionally improving its interim dividend. Profit before tax stood at £166m for the six months to the end of September, flat compared to the same period last year, while sales from continuing [...]
FTSE 100 sees fall brought on by mining and energy stocks July 12, 2021 London’s FTSE 100 fell on Monday brought on by energy and mining stocks on lower commodity prices, however gains by British company Admiral helped cut some of the losses. The motor insurer jumped 3.49 per cent to the top of the FTSE 100 after it announced that it expected a first-half profit owing to fewer [...]
Tate and Lyle shares drop as it looks to year of flat earnings growth May 23, 2019 Shares sank at Tate and Lyle this morning as the company said it expects earnings per share to remain flat or grow slowly in this financial year. The figures The company said today that a £43m charge on the sale of the division helped push down profits by 16 per cent to £240m in the [...]
New homes: Our pick of the new builds going on sale in London this weekend March 29, 2019 New developments on the market this week The Refinery, Newham From £120,750 for a 35 per cent share of a one bedroom flat Live in the shadow of golden syrup factory Tate & Lyle in an up-and-coming part of east London. Part-buy, part-rent a one, two or three bedroom apartment through Shared Ownership. Sixty homes [...]
Former Kingfisher CEO Gerry Murphy to replace Sir John Peace as next Burberry chairman April 13, 2018 Former Kingfisher boss Gerry Murphy will be the next chairman of Burberry. Shares in the FTSE 100 fashion label were up 1.3 per cent just after lunchtime after Burberry confirmed a Sky News report revealing the appointment. Murphy will replace Sir John Peace, who took Burberry onto the stock market as chairman in 2002. He [...]
It’s up to the business world to make the case for capitalism July 30, 2019 Barely a moment after the new Prime Minister took office, the leader of the opposition was already calling for a General Election. While there are no current plans to go to the country in the next few months, Labour is ramping up its election strategy. Anyone who believes in capitalism and free enterprise should be [...]
Meet Tate & Lyle’s new chairman December 15, 2016 Tate & Lyle has announced Gerry Murphy will become the company's chairman next year. Murphy has worked for other food and drinks businesses including Grand Metropolitan (now Diageo) and Greencore, where he was chief executive for four years. He will be taking over from Sir Peter Gershon on 1 April next year. Tate & Lyle's share price was [...]
Sweet results for Tate & Lyle as it raises profit forecasts after boost from dollar November 3, 2016 British ingredients supplier Tate & Lyle raised its full-year profit forecast on Thursday after better than expected results. It put down part of its soaring profits due to the devaluation of the pound – as it does most of its business in US dollars. The results Tate manufactures artificial sweetener, speciality food ingredients and bulk [...]
Sugar-cane restrictions are up for renegotiation, which could play into Tate & Lyle’s hands October 21, 2016 The owner of one of Britain's oldest and most distinctive brands has labelled the UK's departure from the EU as the "biggest opportunity of our lifetime". Tate & Lyle, most famous in the UK for its golden syrup said that removing the shackles of EU quotas and tariffs would mean that it could increase production to a [...]
Weak sterling is proving to be a sweet deal for Tate & Lyle July 21, 2016 Splenda-maker Tate & Lyle said this morning that the weakness of sterling is benefiting the company. If currency rates remain as they are for the rest of the year their "reported earnings would increase strongly", Tate & Lyle said. Tate & Lyle has announced a "strong" start to the year as it benefits from a programme [...]