Tate & Lyle plc

US: Tate & Lyle sells ethanol mill to Cargill

31 Mar 2011

Tate & Lyle said today (31 March) that it has sold an ethanol facility to agribusiness giant Cargill for US$57m.

On the money: Kerry indicates interest in Danisco assets

22 Feb 2011

Kerry Group has indicated that it is interested in some of the ingredients assets owned by Danisco, the Danish company that has accepted a US$5.8bn takeover bid fom US chemicals group DuPont.

UPDATE: UK: Analysts sanguine about Tate & Lyle trading update

1 Feb 2011

Shares in Tate & Lyle may have fallen today (1 February) in the wake of the latest trading update from the UK food-ingredients group but City analysts were pragmatic about the company's performance.

UK: Corn costs dampen margins and hit Tate & Lyle shares

1 Feb 2011

Shares in UK food ingredients group Tate & Lyle fell today (1 February) after the company said rising corn costs had weighed on margins and would hold back further reductions to the group's debt.

Quote, unquote: just-food's week in words

21 Jan 2011

Wal-Mart, as it often does, this week shook up the US grocery sector with its plans to make a swathe of its private-label products healthier. Elsewhere, speculation of changes within the food-ingredients space continued with Cargill named as a potential bidder for Tate & Lyle. And, a year since Kraft Foods succeeded in getting Cadbury's board to back its plans to buy the UK confectioner, the US group faced rumours that management at Green & Black's wanted to buy the organic chocolate business.

Editor's choice: the highlights on just-food this week

21 Jan 2011

Wal-Mart's healthy-eating drive grabbed the headlines this week and prompted speculation about what impact its plans could have on rival retailers and suppliers. M&A speculation swirled around Cargill and Tate & Lyle, as well as Green & Black's, the organic chocolate business once owned by Cadbury but now owned by Kraft Foods. Elsewhere, Glanbia did seal one deal, buying US sports-nutrition business BSN.

UPDATE: US: Cargill "potential bidder" for Danisco or Tate & Lyle - analyst

19 Jan 2011

Cargill has been named as a potential bidder for Tate & Lyle and Danisco, the Danish food ingredients maker that last week agreed a sale to DuPont, the US chemicals group.

Editor's choice: the highlights on just-food this week

14 Jan 2011

Rising commodity prices: should we be concerned? That is a key question facing the food industry. Again this week there was much comment on the issue and the possible impact on the sector. Sainsbury's boss Justin King, for instance, warned suppliers they would have to work hard to justify price increases. Meanwhile, the UK retailer, widely seen to have outperformed its rivals over Christmas, issued its festive numbers this week, alongside the likes of Tesco, M&S and Morrisons.

Focus: Tate & Lyle, Kerry could pounce if DuPont sells Danisco assets

11 Jan 2011

The industrial use of enzymes appears to be the central reason for DuPont's planned US$5.8bn takeover of Danisco - but the acquisition, analysts say, could be the catalyst for further deals in the food-ingredients sector.

The just-food management briefing - M&A - the prospects for 2011

21 Dec 2010

2010 closed with a growing amount of M&A activity with business becoming more confident and lending conditions becoming more favourable. But what will 2011 hold for buyers and sellers in the food industry?

UK: Ex-Tate & Lyle chief joins Defra board

20 Dec 2010

The UK Department for Environment, Food and Rural Affairs (Defra) has appointed ex-Tate & Lyle chief executive Iain Ferguson as lead non-executive director.

UK: Tate & Lyle to dispose of molasses business

25 Nov 2010

Food ingredients group Tate & Lyle is to sell its molasses business to UK grain importer W&R Barnett for GBP67m (US$105.6m).

UK: Rising corn prices boost Tate & Lyle profits

4 Nov 2010

Shares in Tate & Lyle climbed by more than 5% this morning (4 November) after the UK food ingredients group posted a jump in first-half profits, which were boosted by rising corn prices.

UK: Tate & Lyle to establish Chicago innovation centre

19 Oct 2010

Food ingredients group Tate & Lyle is to establish a US$26m commercial and food innovation centre in Chicago, Illinois.

UK: Tate & Lyle reports "encouraging" H1

30 Sep 2010

UK-based food ingredients group Tate & Lyle today (30 September) reported an "encouraging" first six months of its fiscal year.

The just-food management briefing - reformulation - part I

29 Sep 2010

Product reformulation is the subject of the just-food's latest management briefing and, in the first part of the analysis, we look at sugar.

US: PureCircle appoints VP global sales and marketing

26 Jul 2010

Stevia sweetener producer PureCircle has appointed Jordi Ferre as corporate vice president of global sales and marketing.

UK: Tate & Lyle makes "sound start" to fiscal year

22 Jul 2010

UK-based food ingredients group Tate & Lyle said today (22 July) it made a "sound start" to its fiscal year as demand for speciality ingredients remained "steady".

Best bits: Tate & Lyle, Pick n Pay bite the bullet

5 Jul 2010

In business, some of the most critical decisions involve when to quit a venture, exit a market or sell an asset.

just the facts - Iconic UK food brands

2 Jul 2010

Tate & Lyle's decision to sell its European sugar operations included Lyle's Golden Syrup - purported to be the world's oldest food brand. Here just-food takes a look at some more iconic UK food brands.

Quote, unquote: just-food's week in words

2 Jul 2010

Here we take a look at who said what this week.

Editor's choice: the best of just-food this week

2 Jul 2010

The news that dominated the headlines this week was the sale of Tate & Lyle’s European sugar operations - including Lyle's Golden Syrup, purported to be the world's oldest food brand.

UPDATE: UK/US: American Sugar Refining global boost from Tate & Lyle buy

1 Jul 2010

American Sugar Refining said today (1 July) that its acquisition of Tate & Lyle's sugar operations "makes perfect sense" for the business as it looks to expand worldwide.

In the spotlight - Tate & Lyle's sweet exit from sugar

1 Jul 2010

For nostalgia lovers, this morning's (1 July) news that a so-called 'iconic' UK food brand is set to end up in US hands meant the day would have started with a sour note.

UK: Tate & Lyle confirms sugar sale to American Sugar Refining

1 Jul 2010

Tate & Lyle this morning (1 July) confirmed the sale of its sugars division in a bid to focus on "sustainable long-term growth" from its speciality food ingredients business.

UK: Tate & Lyle "to sell sugar operations"

30 Jun 2010

UK food ingredients giant Tate & Lyle is reportedly set to announce the sale of its sugars business to American Sugar Refining.

Best bits: Brazil's 'new consumers' attracting interest

1 Jun 2010

The BRICs are keeping the world's economic house in order. Last week, the OECD lifted its forecast for global economic growth in 2010, on the back of growing world trade, which is being driven by surging demand in emerging markets.

In the spotlight: Tate & Lyle looking for sweet spot

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.

Quote, unquote: just-food's week in words

28 May 2010

Here is the best of who said what about the week's burning issues.

Top stories on just-food this week

28 May 2010

The launch of the just-food Promo Tracker proved popular with our readers this week as we sought to give an insight into the promotional habits of the UK's leading grocery brands and retailers.