Profit warning is not sweet for Tate & Lyle September 23, 2014 SHARES in Tate & Lyle plunged to a three-year low yesterday after the food ingredients group warned that supply chain issues in the US and fierce competition in the sweetener market meant full-year profits would be lower than expected. Tate & Lyle said a “severe winter” in the US had disrupted operations at its corn [...]
Tate & Lyle share price plummets following profit warning September 23, 2014 Tate & Lyle's share price has plummeted 17 per cent in early trading after company sliced its profit outlook for the year. It's a bitter pill to swallow for the foods group, whose Splenda sweetening business is struggling with intense competition and falling prices of sucrose. The company's expected profit for the year had been [...]
Tate & Lyle names PepsiCo exec Nick Hampton as finance chief June 24, 2014 Sweetner giant Tate & Lyle said yesterday it had hired PepsiCo executive Nick Hampton as its new chief financial officer. Hampton has been at PepsiCo for more than 20 years and was most recently the food and drink company’s president of west Europe. He will take over from Tim Lodge at the beginning of September.
Tate & Lyle could exit FTSE 100 to make way for St James’s Place March 3, 2014 TATE & Lyle, one of the original components of the FT 30, is on the verge of being demoted from the FTSE 100 as part of its quarterly reshuffle of the index, the London Stock Exchange (LSE) said yesterday. The food ingredients company will learn its fate tomorrow night when the exchange reveals the firms [...]
Tate & Lyle cuts profit forecast after price war February 13, 2014 SHARES in Tate & Lyle plummeted by 16 per cent yesterday after the food ingredients group cut its full-year profit forecasts and warned that its Splenda sweetener faced intense competition from generic rivals. The company said it expected prices for sucralose – the main ingredient of its Splenda sweetener – to be around 15 per [...]
London Report: FTSE’s winning run ends as Tate & Lyle share price sours February 13, 2014 BRITAIN’S top share index fell yesterday after six straight days of gains, its longest rising streak of the year, led down by food ingredients firm Tate & Lyle and engineer Rolls Royce, which gave disappointing outlooks. Of FTSE 100 companies that have reported quarterly earnings so far, 39 per cent have missed profit expectations. The [...]