Soaring profits at Splenda maker Tate & Lyle sweeten flat sales growth May 26, 2016 The Splenda maker posted soaring profits today that sweetened flat sales growth at the former sugar maker. The figures Tate & Lyle's unadjusted pre-tax profits rocketed from £25m to £126m, although on an adjusted basis profit before tax came in at £193m, a rise of only five per cent year on year, although in line with expectations. [...]
Sir James Dyson on EU referendum: “To remain would be an act of self-harm” – as Tate & Lyle boss Gerald Mason backs Leave June 22, 2016 Hours before the polls open, Sir James Dyson has renewed his support for a Brexit, saying remaining in the EU would be an "act of self-harm". In a column for The Times, Dyson – who has already been a vocal supporter of the Leave camp – said tomorrow's vote was "about control of our future". "As the [...]
Tate & Lyle share price loses sweetness after it warns of lower profits February 11, 2016 Shares in Tate & Lyle were left a little less sugary today, after the Splenda sweetener-maker warned its full-year profits would be hurt by falls in the value of the Mexican peso and Brazilian real. Tate shares closed down 7.1 per cent to 540p, after it warned full-year reported adjusted pre-tax profit would be “modestly [...]
EY heads off competition and snares BHP Billiton audit from 2019 August 22, 2017 Big Four accountant EY has snared a lucrative victory, replacing KPMG as mining giant BHP Billiton’s auditor. BHP conducted an audit tendering process during the year in the wake of regulations forcing firms to rotate their statutory accountants. As a result, incumbent KPMG did not bid to continue its role. EY will take over from [...]
Real Good Food’s shares plummeted as exec warns earnings could fall short of estimates December 6, 2016 Real Good Food reported sales growth but experienced losses following trouble with commodity pricing and weak sterling. Executive chairman Pieter Totté said "there is a risk" the company's earnings won't meet market estimates. The figures Total group sales for the Aim-listed ingredients and baking products company grew by 5 per cent to £49m, the company reported in its interim results for [...]
Shares rise at Splenda sweetener-maker Tate & Lyle as profits beat forecasts November 5, 2015 Shares in Tate & Lyle have edged 1.6 per cent higher today after the food ingredients giant posted better-than-expected first half profits, in a sign that its turnaround strategy may be paying off. The figures Adjusted profit before tax rose by 28 per cent to £103m in the six months to 30 September compared with [...]
Tate & Lyle share price falls as is reiterates not-so-sweet profit forecast October 8, 2015 Shares in Tate & Lyle fell two per cent to 568p this morning, after it said it expects full-year profits to be in line with the rather sour expectations it set out in May. In a trading update this morning, the company said guidance for the full year remained unchanged. In May it said it expected profits to [...]
Not so sweet: Tate and Lyle share price drops after sugar tax announcement… despite not owning a sugar business anymore March 16, 2016 Despite no longer owning a sugar company, Tate and Lyle's share price took a tumble immediately after the announcement of a surprise sugar tax in today's Budget speech. George Osborne announced the levy against soft drinks during his speech in the Commons today and, although the company sold its sugar business almost six years ago, Tate and Lyle [...]
Who are the winners and losers of a Trump triumph? November 9, 2016 The election of Donald Trump by US voters to become the next President was almost entirely unexpected. Here's our initial take on some of the early winners and losers emerging in the aftermath. Winners Nigel Farage Trump fan Nigel Farage has found a kindered spirit in the new President. The Ukipper and Brexit supporter went with a [...]
Thanks to Landmark Place, you never have to leave the Square Mile March 3, 2016 Two new glass structures are set to join the banks, law firms and sky gardens that line the City’s riverside in the summer of 2018. Only this time, they’ll be housing wealthy residents who want to live on top of the financial district. A nine storey block will interconnect with an 11 storey block to [...]