Tate & Lyle faces closure of plant October 24, 2011 THE HISTORIC Tate & Lyle sugar refinery in east London may be forced to close, as its American owners are hit by new import tariffs imposed by the European Commission. ASR, which bought the 133-year oldplant in Silvertown from Tate & Lyle last year and licensed its brand name, has so far had to pay [...]
Tate & Lyle is on track for a profits boost September 29, 2011 SWEETENERS and starches maker Tate & Lyle sees a year of profitable growth, helped by strong demand for its sucralose zero-calorie sweetener Splenda and higher prices for its by-products. The group saw strong growth in sucralose volumes due to the product’s use in more food and drink products, and expects to benefit from higher prices [...]
FTSE falls on worries of China and copper losing momentum September 29, 2011 BRITAIN’S leading share index fell back yesterday, bucking firmer trends from both US and European equity markets and under pressure from big falls by heavyweight miners on lower copper prices amid concerns over future demand. Traders highlighted some anxiety over growth from major metals consumer China ahead of official September PMI numbers, due out on [...]
European markets bounce back August 11, 2011 European markets made a tentative recovery this morning after fears over France’s credit rating triggered losses across the globe. Rumours that agencies were planning to take away France’s Triple A rating were denied and President Sarkozy moved to reassure investors, which lifted stocks. The intervention came after the country’s banks took a battering yesterday with [...]
FTSE sinks below 5,000 August 9, 2011 The FTSE 100 plunged below 5,000 for the first time since 7 July 2010 as the crisis of confidence in world markets deepened. The latest plunge came after indices across Europe had opened on the front foot before returning to a downward spiral. Rallying calls form President Obama failed to limit the damage caused by [...]
Tate & Lyle is off to sweet start to year July 28, 2011 BRITISH sweetener and starches maker Tate & Lyle said it had made an encouraging start to the new financial year and expected another year of profitable growth amid growing demand for its speciality ingredients. The London-based group, which makes sucralose zero-calorie sweetener Splenda, was giving an update for its first quarter trading ahead of its [...]
FTSE pegged back as US debt dominates July 28, 2011 The FTSE 100 started on the back foot in early trading as the saga surrounding the US debt crisis continued to pile pressure on world markets. A glut of major corporate results revealed mixed fortunes as giants like BT, Centrica and AstraZeneca reported. With US politicians still tussling over whether to raise the country’s debt [...]
FTSE solid as investors eye US jobs data July 8, 2011 The FTSE 100 started out on the front foot today as investors awaited key US jobs data to assess the strength of the country’s economic recovery. Positive performances on Asian markets and on Wall Street buoyed sentiment in London with the non farms payroll figures to set the tone for trading later. Greece will also [...]
National Grid appoints new chairman July 1, 2011 Power infrastructure supplier National Grid has appointed Sir Peter Gershon, chairman of Tate & Lyle and former head of the Office of Government Commerce, as its new chairman. Sir Peter will join the National Grid board on August 1 and then replace Sir John Parker, who steps down as chairman, on January 1, after nine [...]
CITY MOVES | WHO’S SWITCHING JOBS June 30, 2011 Penningtons Penningtons Solicitors has boosted its corporate practice by appointing James Klein as a partner. Klein, who was previously a partner with Berwin Leighton Paisner, will lead the corporate team at Penningtons’ City office, bringing the number of partners at the firm to 63. Klein has a strong track record of corporate finance transactions, including [...]