Tate & Lyle snaps up Chinese dietary fibre firm as Ukraine conflict pushes up costs June 9, 2022 Tate & Lyle has inked an acquisition of a dietary fibre business in China as the syrup maker hopes to shrug off inflationary headwinds. In an update on Thursday, the former sugar-making giant said it had acquired Quantum Hi-Tech, for an undisclosed sum, to expand its presence into Chinese and Asian markets. For the year [...]
Tesco chief Ken Murphy collects £4.7m: 224 times overall pay of median staff member May 13, 2022 Ken Murphy, the chief of supermarket giant Tesco, received a £4.74m pay packet for the past year, the group has revealed in its annual report. The report, which was filed on Friday morning, said Murphy’s bumper total pay deal was 224 times the overall pay of the median member of staff at Tesco. It comes [...]
Tate & Lyle snaps up Chinese dietary fibres firm for $237m March 31, 2022 Sugar-maker Tate & Lyle has snapped up a prebiotic dietary fibre business from China-listed ChemPartner for $237m today, as it looks to tap into the booming global dietary fibres market.
Tate Britain Commission: Hew Locke reclaims the Duveen Galleries March 26, 2022 The Tate Britain continues to put its more fashionable sibling the Tate Modern to shame with its flagship public installation, following up last year’s neon-soaked post-apocalypse by Heather Phillipson with a zeitgeist-capturing parade by British sculptor Hew Locke. The cavernous Duveen Galleries play the host to a rambling procession, with dozens – 150 to be [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tate & Lyle Tate & Lyle appointed a food industry veteran as its new chief financial officer, who will also be posted to the board. Stepping into the role in mid-May, Dawn Allen joins from US food manufacturer Mars, Incorporated where she has been [...]
London property: The gothic castle on sale in Belsize Park for £17.5m August 31, 2021 Complete with a swimming pool, champagne lounge and wine tasting room- this historic home is truly fit for a king. Hunter’s Lodge is a Grade-II listed Georgian Mansion located off Belsize Lane in Belsize Park, built in 1812 in a Gothic-revival style. The building has turrets and battlements, making it perfect for anyone with dreams [...]
Forget the Caribbean: Why the hottest tipple is… Welsh rum August 18, 2021 An Englishman, a Scotsman and a Welshman were sitting in London’s Leman Street Tavern moaning about their boring, grey, routine-bound lives. They decided to do something different, starting by ordering rum instead of their customary gin. This became the origin story for their own commercially produced rum made in Carmarthen using Welsh fruit loaf and [...]
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 & Lyle confirms break-up with £1.2bn sweetener division sale July 12, 2021 Historic foodstuffs brand Tate & Lyle will be broken up, it confirmed this morning, as it sells off the controlling stake in its sweeteners division for £1.2bn. American private equity firm KPS Capital Partners will take a 50 per cent stake in Tate & Lyle’s “Primary Products” business, which makes commodities like artificial sweeteners and industrial [...]
Government faces post-Brexit High Court challenge over sugar tariffs July 2, 2021 The government is facing a post-Brexit legal challenge over trade policy, after the High Court agreed that a decision to cut sugar tariffs should be reviewed judicially. British Sugar is bringing the case against international trade secretary Liz Truss in response to her decision to allow 126,000 tonnes of raw cane sugar to enter the [...]