Tate & Lyle agrees £930m ‘de-risking’ pension deal with Legal & General September 19, 2019 Food and drink ingredient supplier Tate & Lyle has agreed a £930m annuity insurance “buy-in” with Legal and General. Tate & Lyle has transferred its pension scheme so it is underwritten by the financial services giant, which it said would provide “certainty and security” for its affected members. Read more: Tate & Lyle reports flat [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]