Tate & Lyle plc

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UK: Agreement for sale of Domino Sugar signed by Tate & Lyle

26 Jul 2001

Tate & Lyle PLC ("Tate & Lyle") announces it has signed a conditional agreement to sell Tate & Lyle North American Sugars Inc., trading as Domino Sugar  ("Domino"), to an investment group led by Alfonso and J. Pepe Fanjul. The sale agreement was signed on 26 July 2001 and is subject to, inter alia, the purchaser completing the necessary financing arrangements and approval by US competition authorities.

USA: Tate & Lyle - smile, it's selling Western and Domino - COMMENT

11 Jun 2001

Tate & Lyle has sold Western Sugar. The sugar giant is set to leave the turbulent US market. Tate & Lyle has announced the sale of its Western Sugar beet business and is negotiating the sale of Domino Sugar, which would complete the company's exit from the US. Through the slim-lining of its portfolio Tate may be able to save itself from further profit falls.

UK: Sale of Western Sugar agreed by Tate & Lyle

8 Jun 2001

Tate & Lyle, a world leader in sugar, cereal sweeteners and starches, yesterday announced the sale of the Western Sugar Company ("Western") to the Rocky Mountain Sugar Growers Co-operative ("RMSGC"). The sale agreement was signed on June 6, 2001 and follows the signing of a non-binding Memorandum of Understanding on October 16, 2000. The disposal is conditional on RMSGC finalizing the necessary financing arrangements.

UK: Tate & Lyle announces preliminary results

7 Jun 2001

Tate & Lyle, a world leader in sugar, cereal sweeteners and starches, today announced their preliminary results for the 53 weeks ended March 31, 2001. ANNOUNCEMENT OF PRELIMINARY RESULTS For the 53 weeks ended March 31, 2001 2001 2001 PRELIMINARY RESULTS TO MARCH 53 weeks 53 weeks $million(a) Pound million Audited Sales $6,136 Pound 4,146m Profit before tax, goodwill amortisation and exceptional items $167 Pound 113m (Loss)/profit before taxation ($337) (Pound 228m) EPS (diluted) before goodwill amortisation and exceptional items 23.2(cent) 15.7p EPS (diluted) (84.5(cent)) (57.1)p 2000 2000 PRELIMINARY RESULTS TO MARCH 52 weeks 78 weeks Pound Pound million million Unaudited Audited Sales Pound 4,090m Pound 6,183m Profit before tax, goodwill amortisation and exceptional items Pound 209m Pound 300m (Loss)/profit before taxation Pound 191m Pound 287m EPS (diluted) before goodwill amortisation and exceptional items 29.9p 45.2p EPS (diluted) 24.2p 40.2p (a) US Dollar conversions provided at the average exchange rate for the period of $1.48 = Pound

UK: Tate & Lyle PLC - Routine meetings with analyst

29 Mar 2001

Prior to entering its closed period for the year ending 31 March 2001,Tate & Lyle is meeting with stockbrokers’ analysts.  This follows the trading update issued on 6 February 2001.  Notwithstanding the continued challenging environment, we believe that results for the year ending 31 March 2001 will be broadly in line with expectations.

UK: Tate & Lyle PLC - Agreement to sell share in Zambia Sugar Plc

29 Mar 2001

Further to the announcement made on 16 February 2001 that it had conditionally agreed to sell its 50.87% share in Zambia Sugar Plc for US$11.4 million (£7.9 million) to Illovo Sugar Limited (“Illovo”), Tate & Lyle announces that the conditions precedent in the agreement have now been met and tha

USA: Tate & Lyle subsidiary Domino Sugar resolves pay dispute

14 Mar 2001

Domino Sugar workers have agreed to end their 20-month strike. Members of the International Longshoremen's Association voted 56 to 48 at the beginning of March to accept a three-year contract including a one-off 5% raise, on top of the average weekly salary of about US$600.

UK: Tate & Lyle PLC - Agreement to sell share in Zambia Sugar Plc

16 Feb 2001

Tate & Lyle PLC announced today that it has agreed, subject to the completion of satisfactory due diligence and approval by the Securities and Exchange Commission of Zambia and the Zambia Competition Commission, to sell its 50.87% share in Zambia Sugar Plc for US$11.4 million (£7.9 million) to Illovo Sugar Limited ("Illovo"). The sale proceeds will be used to pay down Group debt.

UK: Tate & Lyle issue forth profit warning, are investors giving up hope?

7 Feb 2001

Yesterday (6 February) Tate & Lyle issued their forth profits warning this financial year. The sugar giant blamed the increasing price of fuel for pushing extra energy costs at its US operations beyond £40m for the financial year to the end of March, and the patience of investors is wearing thin.

UK: Tate & Lyle-update

6 Feb 2001

With the majority of the contracts for the supply of high fructose corn syrup (HFCS) for calendar 2001 completed by Staley, Tate & Lyle issues the following update. In the past few weeks, Staley has completed over 90 % of its HFCS contracts in the US, resulting in double digit percentage increases to average selling prices, consistent with industry trends. The benefits of the price increases will be partially offset by slightly higher net corn costs and increased energy prices, but we anticipate an improvement in Staley's earnings in the new financial year.

UK: Tate & Lyle PLC - Disposal of Universal Milling Technology

27 Nov 2000

Tate & Lyle PLC announces that on November 22, 2000 it entered into an agreement to sell its Universal Milling Technology (UMT) division to Andritz AG of Austria. UMT, with operations in the UK (Hull), the Netherlands, France, Germany and the USA, is one of the world's leading manufacturers and suppliers of milling equipment and consumables to the feed industry and to other industrial sectors.

USA: Report links superior eco-efficiency with financial performance of leading global food companies

13 Nov 2000

A comprehensive report in preparation by Innovest Strategic Value Advisors Inc., will present an argument in support of the linkages between superior environmental performance, competitiveness and superior financial performance in the agribusiness and food companies. As part of their investment advisory services, Innovest Strategic Value Advisors Inc. has analyzed over 60 different aspects of environmental management in leading global agriculture and food companies. Among the companies analyzed, their research shows that wide variations exist in environmental risk exposure and management capability to manage risk and capitalize on environmentally-driven business opportunities.This extensive review of global competitors in the food production industry as well as food retailers, will give strategic investors a comprehensive overview of how environmental issues will affect investment decisions relating to companies involved in agribusiness, food processing and food retailing. Results from the report will be discussed at a one-day forum entitled Moving the Markets: Profiting from the Growth of Food and Agri-Tech Companies, www.movingthemarkets.org, in Toronto on December 5th, 2000. Moving the Markets speakers will also focus on the impact of technology in creating both environmental risks and reward opportunities that will have significant effects on the long-term financial performance of agriculture and food companies.Major issues covered in Innovest's report are:

UK: Lyle's Golden Syrup moves from the can to the web

7 Nov 2000

Lyle's Golden Syrup has sponsored a new website for kids which combines the hugely popular Lyle's Junior Cooks' Club, fronted by TV chef Gary Rhodes, with exciting education al resources for Key Stage 2 (7-11) pupils and their teachers.Split into two distinct areas, http://www.cookwithlyle.co.uk

CANADA: Sugar users versus sugar refineries in battle over duty

12 Sep 2000

Confectioners, bakers and chocolate bar makers are appearing in Ottawa this week to protest to the Canadian International Trade Tribunal, CITT, about the duty taxes on sugar entering Canada from the United States.The CITT put up trade barriers around five years ago; placing 44% duty on sugar to prevent it being imported at prices domestic producers could not compete with.

USA: Tate & Lyle Announcement of Preliminary Results for the 78 Weeks Ended March 25, 2000

9 Jun 2000

Tate & Lyle, a world leader in sugar, cereal sweeteners and starches, today announced its preliminary results for the 78 weeks ended March 25, 2000. ---------------------------------------------------------------------- 2000 2000 2000 1999 PRELIMINARY RESULTS TO MARCH 78 weeks 52 weeks 52 weeks 52 weeks---------------------------------------------------------------------- Sales (pound)6,183m (pound)4,090m $6,585 (pound)4,359m Profit before tax,reorganization costsand exceptional items (pound)318m (pound)225m $362 (pound)173m Profit beforetax and exceptionalitems (pound)300m (pound)209m $336 (pound)171m Profit beforetaxation (pound)287m (pound)191m $308 (pound)184m EPS (diluted) beforeexceptional items 45.2p 29.9p 48.1(cent) 28.4p EPS (diluted) 40.2p 24.2p 39.0(cent) 30.4p Dividends perordinary share 26.9p 21.4p 34.5(cent) 17.2p----------------------------------------------------------------------

USA: Tate & Lyle PLC - Proposed Acquisition of the Minority Interests in Amylum and Staley

9 Jun 2000

Tate & Lyle, a world leader in sugar, cereal sweeteners and starches, today announced that it has reached agreement with Compagnie Industrielle et Financiere des Produits Amylaces S.A. ("CIP") to acquire, for a total consideration of (pound)274 million, the minority interests held by CIP in Amylum (36.

USA: Tate & Lyle PLC - Sale of Tate & Lyle Bundaberg and Associated Businesses

9 Jun 2000

Tate & Lyle, a world leader in sugar, cereal sweeteners and starches, today announced that it has agreed to sell its wholly-owned Australian sugar business, Tate & Lyle Bundaberg ("Bundaberg"), and associated businesses, to Belgium-based Societe Financiere des Sucres s.a. ("Finasucre"). The consideration is A$425 million ((pound)162 million), debt free, subject to adjustments.








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