Sweet results for Tate & Lyle as it raises profit forecasts after boost from dollar November 3, 2016 British ingredients supplier Tate & Lyle raised its full-year profit forecast on Thursday after better than expected results. It put down part of its soaring profits due to the devaluation of the pound – as it does most of its business in US dollars. The results Tate manufactures artificial sweetener, speciality food ingredients and bulk [...]
Sugar-cane restrictions are up for renegotiation, which could play into Tate & Lyle’s hands October 21, 2016 The owner of one of Britain's oldest and most distinctive brands has labelled the UK's departure from the EU as the "biggest opportunity of our lifetime". Tate & Lyle, most famous in the UK for its golden syrup said that removing the shackles of EU quotas and tariffs would mean that it could increase production to a [...]
Weak sterling is proving to be a sweet deal for Tate & Lyle July 21, 2016 Splenda-maker Tate & Lyle said this morning that the weakness of sterling is benefiting the company. If currency rates remain as they are for the rest of the year their "reported earnings would increase strongly", Tate & Lyle said. Tate & Lyle has announced a "strong" start to the year as it benefits from a programme [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
Donald Trump UK ban debate: Donald Trump’s views are repugnant, but we can’t ban people for stupidity January 18, 2016 MPs from all parties were vehement in their condemnation of Donald Trump during a debate on whether to ban the outspoken business mogul and Republican presidential hopeful from the country, after a petition calling for him to be denied entry to the UK received over 560,000 signatures. The petition was launched amid widespread criticism after Trump called for a ban [...]
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 [...]