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 [...]
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 [...]
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 [...]
Tate & Lyle share price falls as company warns of another difficult year as profit, earnings and sales all fall May 28, 2015 The figures Tate & Lyle's share price slumped four per cent in early trading after a depressing set of full-year results signalled little turnaround in profits. The FTSE 250-listed group is predicting profits will stay flat next year. admitting that it had endured "very challenging" last 12 months as it continues to restructure its business. In the [...]
The future looks less sour for Tate & Lyle as profits are set to meet expectations April 2, 2015 After a string of profit warnings, Tate & Lyle's financial outlook seems to be stabilising at last. The figures For the full year to 31 March, Tate & Lyle estimates its pre-tax profit will be fall “modestly below” the range of £230m to £245m it predicted in September. The update is based on trading [...]
Too much sweetener turns profits sour for Tate & Lyle February 6, 2015 Tate & Lyle has warned investors its full-year profits will be below expectations, after low demand for its sweeteners hurt business in the US during the third quarter. It said an influx of cheaper products from Chinese manufacturers was leading to an oversupply of its own products, and that the fall in sugar prices [...]
Sour first half for Tate & Lyle as profits plummet by 40 per cent November 6, 2014 SUGAR manufacturer Tate & Lyle revealed yesterday that operational and supply-chain disruption had led to a 40 per cent drop in profit in the first six months of the 2014 financial year. Profit before tax fell from £173m to £104m during the period, while sales dropped from £1.5bn to £1.2bn, a 21 per cent decline. [...]
Profit warning is not sweet for Tate & Lyle September 23, 2014 SHARES in Tate & Lyle plunged to a three-year low yesterday after the food ingredients group warned that supply chain issues in the US and fierce competition in the sweetener market meant full-year profits would be lower than expected. Tate & Lyle said a “severe winter” in the US had disrupted operations at its corn [...]
Tate & Lyle share price plummets following profit warning September 23, 2014 Tate & Lyle's share price has plummeted 17 per cent in early trading after company sliced its profit outlook for the year. It's a bitter pill to swallow for the foods group, whose Splenda sweetening business is struggling with intense competition and falling prices of sucrose. The company's expected profit for the year had been [...]