Tate & Lyle plc

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UK: Tate & Lyle profits tumble 19%

31 Oct 2007

Tate & Lyle today (31 October) posted a 19% drop in first-half profits due to “difficult” conditions in sugar trading and the weakness of the US dollar.

EU aims to sweeten sugar reforms

9 Oct 2007

Sugar producers have given a qualified welcome to recently announced changes to the EU sugar reforms, originally unveiled last year. Alan Osborn reports on the restructuring of the restructuring.

MEXICO: Tate & Lyle to exit sugar venture

9 Oct 2007

Tate & Lyle is to offload its stake in a sugar business in Mexico, the UK food and ingredients firm has announced. The company will sell its 49% interest in Grupo Industrial Azucarero de Occidente to food commodities group E D & F Man Holdings for US$93m.

UK: Under-fire Tate & Lyle shakes up exec team

8 Oct 2007

Embattled UK food and ingredients group Tate & Lyle has reshuffled its management pack.

CHINA: Tate & Lyle opens Shanghai research unit

3 Oct 2007

UK-based sugar and ingredients group Tate & Lyle has opened of a research and development facility in Shanghai.

UK: Fresh Tate & Lyle warnings hits shares

28 Sep 2007

Shares in Tate & Lyle tumbled by almost a third this morning (28 September) after the UK company warned its sugar business would post a loss during the first half of the year.

UK/EU: Tate & Lyle starch sale gets EC green light

23 Aug 2007

UK-based sugar and ingredients group Tate & Lyle has received European Commission clearance to sell some of its European starch operations to Syral SAS, part of French sugar manufacturer Tereos SA, for GBP209m (US$419m).

UK/LAO: Tate & Lyle invests in sugar JV

16 Aug 2007

UK-based ingredients group Tate & Lyle has snapped up a minority stake in a sugar venture in Lao.

UK: Heinz names UK sauces marketing director

2 Aug 2007

Heinz has named a marketing director to oversee the promotion of its sauces business in the UK.

Tate & Lyle still leaves bitter taste for investors

19 Jul 2007

A share buyback may have sweetened some investors but underlying problems remain at Tate & Lyle. Ben Cooper analyses the latest performance at the UK-based food and ingredients group.

UK: Tate & Lyle downgrades profit forecast

18 Jul 2007

Tate & Lyle has warned that full-year profits will be “slightly lower” than its previous guidance due to market weakness affecting its sugar, ethanol and citric acid businesses and a challenging European cereals sector.

UK: Tate & Lyle completes Hahn acquisition

18 Jun 2007

Tate & Lyle has today completed the acquisition of an 80% holding in German specialty food ingredients group G. C. Hahn & Co (Hahn) for a total cash consideration of £78m.

UK: Splenda warning sours Tate & Lyle profit rise

23 May 2007

UK-based sugar and sweeteners group Tate & Lyle today (23 May) warned that it expects only modest profits from its sucralose sweetener Splenda in the year ahead.

EUROPE: Tate & Lyle in starch, sweetener sale talks

10 May 2007

Tate & Lyle looks set to sell part of its European starch and sweetener business in a deal worth up to GBP220m (US$437m).

UK: Ex-Premier Foods exec joins Inter Link as CEO

1 May 2007

Inter Link Foods has appointed former Premier Foods executive Ian Croxford as chief executive, the UK company has announced.

CANADA: Tate & Lyle completes Redpath sale

23 Apr 2007

UK ingredients and sugar company Tate & Lyle has completed the sale of its Canadian business, known as Redpath, to American Sugar Refining.

UK/GERMANY: Tate & Lyle buys 80% of GC Hahn

17 Apr 2007

UK-based sugar and ingredients group Tate & Lyle has bought an 80% stake in German specialty food ingredients group GC Hahn for GBP79m (US$158m).

CHINA/US: Niutang slams Tate & Lyle sucrose accusations

13 Apr 2007

Chinese manufacturer Changzhou Niutang Chemical Plant Co has hit back in the patents row with Tate & Lyle on the production of the artificial sweetener sucralose.

US: Tate & Lyle moves to defend sucralose patent

10 Apr 2007

Tate & Lyle has claimed that three Chinese firms have infringed patents protecting methods used in the production of the UK company’s artificial sweetener sucralose.

UK: Tate & Lyle sees trading inline with expectations

29 Mar 2007

UK ingredients and sugar company Tate & Lyle has said that the group’s trading performance has been in line with market expectations, with profits set to “comfortably exceed” the corresponding period of the previous year.

ITALY: Tate & Lyle forms JV with Eridania

29 Mar 2007

UK sugar and ingredients group has formed a joint venture with Italian sugar producer Eridania Sadam. The JV, called Eridania Tate & Lyle, will market and sell all sugar products from the two parent companies to the Italian market.

FRANCE: Tate & Lyle establish wellness and nutrition centre

22 Mar 2007

Tate & Lyle today (22 March) announced plans to promote its value added strategy through the investment of GBP3m (US$5.91m) which will be used to establish a nutrition and wellness centre, to be located in Lille, France.

UK: Tate & Lyle confirms citric acid closure

12 Mar 2007

Tate & Lyle will end production of citric acid at its Selby, UK plant at the end of the month with the loss of around 100 jobs.

UK: Tate & Lyle shares up on takeover talk

8 Mar 2007

Shares in sugar and ingredients group Tate & Lyle rose today (8 March) on reports that the company could be facing a takeover from private equity groups.

AUSTRALIA: Tate & Lyle expands product portfolio Down Under

7 Mar 2007

Tate & Lyle’s Australian subsidiary, Tate & Lyle ANZ, has expanded its product portfolio to include a wider range of speciality food products.

UK: Tate & Lyle names new research chief

22 Feb 2007

UK-based sugar group Tate & Lyle has named Dr Robert Fisher as its new head of global research and development. He succeeds Dr Bob Schanefelt who is retiring.

CANADA: Tate & Lyle divests sugar ops to increase value-added focus

15 Feb 2007

UK-based ingredients and sugar company Tate & Lyle has sold Redpath, Canada’s largest sugar cane refinery. The move, the company told just-food, is part of a strategy to increase its focus on value added products in Canada, but not the rest of the world.

UK: Tate & Lyle quiet on plans to relocate sugar production

7 Feb 2007

As the European Union scales back production, UK sugar and ingredients group Tate & Lyle told just-food that it is unwilling to release further information about plans to move sugar production elsewhere in the world.

EGYPT: Saudi group to open second sugar refinery

6 Feb 2007

The Saudi Arabian company Savola Group is planning to open a second sugar refinery in Egypt in August and expand its Saudi operations to meet increasing domestic and regional demand, according to a Reuters report.

UK: Tate & Lyle soured by sweetener sales

23 Jan 2007

Shares in UK sugar manufacturer Tate & Lyle tumbled by more than 15% this morning (23 January) following modest sweetener sales for the year so far.

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