Company
Tate & Lyle PLC
LON:TATE
Tate & Lyle PLC (Tate & Lyle) is engaged in the development, manufacture and marketing of food and industrial ingredients that have been made from renewable sources. The Company operates through four divisions: Food & Industrial Ingredients, Americas; Food & Industrial Ingredients, Europe; Sucralose and Sugars. Tate & Lyle has more than 50 production worldwide. The Company participates mainly in four markets: food and beverage; industrial; pharmaceutical and personal care, and animal feed. On June 15, 2007, the Company acquired 80% of G.C. Hahn & Co. (Hahn). Hahn provides customized ingredient solutions to global customers. On April 22, 2007, the Company disposed of its shareholding in Tate & Lyle Canada (Redpath). On December 28, 2007, the Company disposed of its 49% indirect shareholding in Grupo Industrial Azucarero de Occidente, S.A. de C.V. (Occidente). In July 2008, the Company announced the sale of its international sugar trading operations to Bunge Limited
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Tate & Lyle reports strong revenue growth at half-year
The company said it had made good progress delivering its growth strategy as a newly focused speciality food and beverage solutions business
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Market movers: Inflationary pressures send shares in Hilton Food Group lower
A look at some risers and fallers on the market on Tuesday.
Tate & Lyle sees profits in line this year after 'strong top-line growth' from continuing operations in FY22
CEO Nick Hampton said the food and drinks ingredients company delivered double-digit growth in organic revenue and profit "despite significant inflation across the supply chain”
Tate & Lyle to buy Chinese dietary fibre business for US$237mln
The sugar manufacturer said the deal will strengthen its position in dietary fibres and help it expand in Asia
Tate & Lyle raises full-year expectations for continuing operations
Underlying profit from continuing operations is predicted to show growth in the low double-digit percentage range
Tate & Lyle reports strong first-half performance in continuing Food and Beverage business
The company expects full-year adjusted pre-tax profit growth in the high single-digit percentage range
Tate & Lyle splits as plant-based segments go private for £900mln
Shareholders will receive a special dividend of £500mln
Tate & Lyle mulls split as it emerges profitably from pandemic
The sweeteners business says it could sell a controlling stake in its 'primary products' division
Tate & Lyle confirms mulling sale of its Primary Products businesses
Tate & Lyle said discussions with the putative financial partner are still at an early stage and there is no guarantee that a sale will be agreed upon.
Tate & Lyle higher as predicts higher full year earnings after strong quarterly performance
The ingredients group said it expects its adjusted pre-tax profits for the full year to be “modestly ahead of the prior year” after a strong performance in the final quarter of 2020
Tate & Lyle acquires stevia group Sweet Green Fields
Tate & Lyle already has a 15% stake in SGF and has worked with the Washington-based business since 2017
Tate & Lyle encouraged by June’s improved demand
“We are encouraged by the improvement in demand we saw in June and the continued strategic progress we are making," said Nick Hampton.
Tate & Lyle holds final dividend, foregoes guidance for new year
In the year to 31 March, revenue rose 2% to £2.8bn for profit before tax up 4% to £331mln
Tate & Lyle hit by lower demand for sugar in coronavirus lockdowns
Unsurprisingly, sweeteners and ingredients for products sold in supermarkets have done better than those for out-of-home consumption
Tate & Lyle keeps guidance unchanged
Earnings per share growth is expected to be flat to low-single digit as quarterly performance was in line with estimates
Tate & Lyle still not sweet enough for Jefferies
Analysts have taken some confidence from reports about a probable better outcome to US sweetner pricing negotiations
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Purplebricks moves back into profit, sending shares sky-high
A look at some of the major risers and fallers in London markets on Thursday
Johnson Matthey keeps guidance unchanged after mixed first quarter
Johnson Matthey also announced that it has appointed a Tate & Lyle executive to lead its clear air division
Jefferies cuts Tate & Lyle to ‘underperform’ after chopping estimates to reflect headwinds “blowing into FY20”
The Jefferies analysts pointed out that US President Trump’s fresh trade spat with Mexico is unhelpful, but stressed that its changes were not a 'Mexico downgrade'
Tate & Lyle leaves bitter taste as it predicts flat EPS growth for 2020
Nick Hampton, Tate's chief executive, said for the current fiscal year the ingredients firm expected “broadly flat to low-single digit” EPS growth
Archive
United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
Why the FTSE 100 is not the UK’s economic bellwether
While the index does contain the heavyweights of the London market, they're not the most reliable indicator of how the UK's markets are actually performing
Sainsbury's-Asda merger to put pressure on Bakkavor and other suppliers, says Barclays
Barclays said it is concerned about the “increasingly competitive” UK ready-meals market, in a note on the European food ingredients sector
Tate & Lyle reports profits ahead of comparative in final quarter of 2018 but shares turn lower on full year forecasts
The ingredients group said its adjusted pre-tax profits in the last three months of 2018 were “ahead of the comparative period”
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FTSE 100 joins global equity markets to close lower
The UK index of leading shares closed down over 79 points to 7,093, while the FTSE 250 lost over 274 points at 18,799
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Bank of England’s first “Super Thursday” of 2019 expected to be a bit of a damp squib amid Brexit uncertainty
Aside from the Bank of England's latest pronouncements, investors will have updates from the likes of Thomas Cook, Smith & Nephew, Compass Group and Superdry to digest on Thursday
Investments and investor services
FTSE 100 closes a shade higher as Wall Street chugs upward
The UK's premier share index added nearly 14 points to close at 7,034
Archive
Bank of England's 'Super Thursday' and slew of corporate earnings eyed as Chinese New Year begins
The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
Tate & Lyle rises on solid first-half results
“We performed in line with our expectations in the first half delivering growth in adjusted profit before tax and strong cash flow despite cost inflation from materials and transport in North America, and lower profits in Commodities”
Investments and investor services
J Sainsbury and retailers to be among highlights amid busy Thursday schedule
Sainsbury, Superdry and Burberry are among the names in the diary for Thursday.
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
Jefferies downgrades Tate & Lyle following strong share performance as NAFTA issues loom
Analysts said potential fallout from the US/Canada spat and potential NAFTA renegotiation weighed on its estimates in addition to a return to normality following a share price surge
Tate & Lyle downgraded by Kepler Cheuvreux as it questions ability to beat ‘peak’ 2017/18
Analysts at the broker said they found the longevity of the strong performance in the group's Sucralose and Commodities divisions "highly questionable"
FTSE 100 joins European and US indices to head north after strong US jobs number
The UK blue-chip index finished at 7,701 - up 0.31%, but was down on the week, off around 0.46%. .
Tate & Lyle sees full-year profits rise by nearly a quarter but sales dip slightly
The FTSE 250 food group, and producer of the Splenda sweetener brand reported that pre-tax profits rose 23% to £286mln in the year, while sales dropped 2% to £2.7bn
Investments and investor services
FTSE 100 joins global equities to head lower as geopolitical worries weigh
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
Investments and investor services
Kingfisher and Tate & Lyle key names in diary as spotlight falls on UK consumer
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
Tate & Lyle appoints Mondelez International's Imran Nawaz as chief financial officer
The FTSE 250-listed group said Nawaz will succeed Nick Hampton, who was appointed as chief executive of Tate & Lyle from 1 April 2018
Burberry names Gerry Murphy as its chairman designate
The FTSE 100-listed firm said Murphy will start on 17 May and will succeed John Peace as chairman after the company’s annual shareholder meeting on 12 July
Tate & Lyle on track to deliver full-year adjusted profit in line with guidance
The firm said, in Speciality Food Ingredients, the core business delivered good volume growth, including a continuation of modest volume growth in North America
Investments and investor services
FTSE 100 closes firmly lower as strong pound weighs
The FTSE 100 index – which is chock full of dollar earners – closed around 108 points lower at 7,170
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Smith & Nephew, Bellway and Compass to provide Thursday’s City highlights
Smith & Nephew, Bellway Plc and Compass are on the Thursday's agenda.
Archive
Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
Tate & Lyle names former Pepsico executive Nick Hampton as new boss
Tate & Lyle's new chief executive Nick Hampton said the company will continue to respond to growing demand for healthier food
Tate & Lyle raises full-year guidance after sweet first half
“We expect underlying adjusted profit before tax in constant currency for the full year to be modestly higher than we anticipated coming into the year driven by the strong first half performance”
FTSE 100 finishes a whisker from record high as BoE points to gradual rate hike
The FTSE 100 closed out Thursday up around 67 points at 7,555.
Can Shell get as good a reaction as BP Plc when it reports on Thursday?
Shell is due to release interim results on Thursday, but, will there be much to shout about.
Archive
Interest rate decisions in the UK and US could spook investors in Halloween week
Week ahead includes interest rate decisions from the Bank of England and the US Federal Reserve, as well as updates from HSBC, BT, Next, BP, and Royal Dutch Shell
Tate & Lyle off to strong start to new financial year
Shareholders have taken their lumps so this was a sweet update from Tate & Lyle
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FTSE 100 closes nine points lower as AstraZeneca weighs
It's been a busy day here in London; 15% of FTSE 100-listed companies have had some sort of meaningful news out...
Archive
Lloyds to report strong quarterly figures in first results since government sold remaining stake
Lloyds Banking Group and Royal Dutch Shell are among a slew of companies reporting earnings on Thursday
Deutsche Bank turns sour on Tate & Lyle, sees "no quick fix" for food ingredients business
The bank has cuts its stance on the FTSE 250-listed firm to ‘hold’ from ‘buy’ and reduced its target price for the stock to 725p from 875p
Tate & Lyle sees full-year profits surge by 85%, underpinned by a weaker pound
The FTSE 250-listed group posted pre-tax profits of £233mln for the year ended March 31, up from £126mln a year earlier, as sales rose by 17% to £2.75bn
Archive
OPEC tipped to agree production cut extension
Day ahead: OPEC meeting in Vienna, Halfords preliminaries ...
Will Smith & Nephew show a weaker than expected end to 2016?
Smith & Nephew PLC is due to release its final results on Thursday, meanwhile Ashmore Group, Thomas Cook and Tate & Lyle are also in the diary.
Archive
Week ahead: BP and Glaxo to continue trading trends for oil and drug giants
BP could please on Thursday as its recent quarterly updates have proved a little disappointing. GlaxoSmithKline will unveil its numbers Wednesday.
FTSE 100 shares close higher after Trump victory speech
FTSE 100 shares closed higher on Wednesday in a snap back from initial losses on news of Donald Trump's US presidential election victory
Tate & Lyle shares sweeten as it raises full year outlook
The group posted a strong first half to September 30, which saw profit growth in both divisions
FTSE 100 stocks fall after Brexit court setback and BoE stands back from rate cuts
Sterling-sensitive FTSE 100 shares fell on Thursday after the government lost a court case on how to trigger the process for leaving the European Union and the Bank of England shifted away from cutting interest rates further
Morrison’s to put UK supermarkets under spotlight
Themes of interest are how the turnaround is going and what is the impact of the weaker pound
Week Ahead: BP and Shell in clash of the titans
BP & Shell are both issuing interims on Tuesday - about as likely as Taylor Swift and Katy Perry performing a duet together
Archive
Numis hands big upgrade to Melrose PLC after Nortek buy
A look at some early broker ratings on Thursday morning
Corn and ethanol price weakness weighs on Tate & Lyle
Tate's adjusted pre-tax profit in the year to March 31 rose 5% to £193mln on broadly flat sales
FTSE 100 Index rises as oil prices hit US$50 a barrel
The Footsie advanced 12.23 points to 6275 in early London trading
PREVIEW: Qinetiq Group margins in focus on Thursday
Qinetiq Group, Tate & Lyle and Legal & General are set to be among the announcements on Thursday.
FTSE 100 set to follow US and Asian markets lower
The weak oil price is expected to weigh on sentiment
Tuesday's agenda: News flow points to solid start to 2016 for Instem PLC
Instem, which provides IT solutions to the drug development sector, raised expectations in its January trading update
Week Ahead: Keywords Studios PLC going for new high score
The February trading update sent analysts scurrying to their calculators to upgrade their forecasts
Tate & Lyle gets sour taste from commodity turmoil
Sweetener maker said its commodities business was now likely to make a small annual loss
Risers & Fallers: Centamin, Fresnillo, Interserve, Randgold, Standard Chartered, Tate & Lyle
Gold is rising, lifting precious metals miners with it. Will pawnbrokers be next?
Thursday's agenda: Rio Tinto to lift mining spirits
Broker UBS expects the numbers to be a "small positive catalyst" to the miner
Week ahead, including Randgold Resources, Thomas Cook, ARM and Rolls
A look at next week's agenda, and there are some big names reporting...