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 [...]
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. [...]