In the spotlight: Tate & Lyle looking for sweet spot
By: Katy Askew | 28 May 2010
Delivering a 77% drop in net profit yesterday (28 May), Tate & Lyle's new chief executive Javed Ahmed outlined his strategic vision for the business. The group will increase its focus on value-added ingredients while hanging on to its bulk commodities units. Ahmed also plans to radically overhaul its business systems and processes. Will this new strategy help the iconic sugar firm hit a sweet spot? Katy Humphries reports.
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Delivering a 77% drop in net profit yesterday (28 May), Tate & Lyle's new chief executive Javed Ahmed outlined his strategic vision for the business. The group will increase its focus on value-added ingredients while hanging on to its bulk commodities units. Ahmed also plans to radically overhaul its business systems and processes. Will this new strategy help the iconic sugar firm hit a sweet spot? Katy Humphries reports.
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