Not so sweet: Tate and Lyle share price drops after sugar tax announcement… despite not owning a sugar business anymore March 16, 2016 Despite no longer owning a sugar company, Tate and Lyle's share price took a tumble immediately after the announcement of a surprise sugar tax in today's Budget speech. George Osborne announced the levy against soft drinks during his speech in the Commons today and, although the company sold its sugar business almost six years ago, Tate and Lyle [...]
Thanks to Landmark Place, you never have to leave the Square Mile March 3, 2016 Two new glass structures are set to join the banks, law firms and sky gardens that line the City’s riverside in the summer of 2018. Only this time, they’ll be housing wealthy residents who want to live on top of the financial district. A nine storey block will interconnect with an 11 storey block to [...]
Tate & Lyle share price loses sweetness after it warns of lower profits February 11, 2016 Shares in Tate & Lyle were left a little less sugary today, after the Splenda sweetener-maker warned its full-year profits would be hurt by falls in the value of the Mexican peso and Brazilian real. Tate shares closed down 7.1 per cent to 540p, after it warned full-year reported adjusted pre-tax profit would be “modestly [...]
Donald Trump UK ban debate: Donald Trump’s views are repugnant, but we can’t ban people for stupidity January 18, 2016 MPs from all parties were vehement in their condemnation of Donald Trump during a debate on whether to ban the outspoken business mogul and Republican presidential hopeful from the country, after a petition calling for him to be denied entry to the UK received over 560,000 signatures. The petition was launched amid widespread criticism after Trump called for a ban [...]
Shares rise at Splenda sweetener-maker Tate & Lyle as profits beat forecasts November 5, 2015 Shares in Tate & Lyle have edged 1.6 per cent higher today after the food ingredients giant posted better-than-expected first half profits, in a sign that its turnaround strategy may be paying off. The figures Adjusted profit before tax rose by 28 per cent to £103m in the six months to 30 September compared with [...]
Bank’s super Thursday could cause fireworks – London Report November 1, 2015 HSBC was this morning the latest UK bank to report results, with Standard Chartered rounding off third quarter earnings season tomorrow. There are concerns the emerging market focused Standard Chartered will have taken a hit over the past three months due to the slowing economy in China and fears surrounding emerging market growth. The bank’s [...]
Tate & Lyle share price falls as is reiterates not-so-sweet profit forecast October 8, 2015 Shares in Tate & Lyle fell two per cent to 568p this morning, after it said it expects full-year profits to be in line with the rather sour expectations it set out in May. In a trading update this morning, the company said guidance for the full year remained unchanged. In May it said it expected profits to [...]
Few reports but Sainsbury’s and Tesco to update – London Report September 27, 2015 EQUITY reports are light again this week, ahead of earnings season which begins in earnest in the second half of October. Sainsbury’s first-half numbers, released on Wednesday, will be interesting, as the sector prepares to reveal how trading has fared over the past six months. Few people are expecting an upbeat statement. However, according to [...]
City Moves for 11 June 2015 | Who’s switching jobs June 10, 2015 JLL The property-focused professional services and investment management firm has announced three appointments to its Central London tenant representation team. Robin Pugh becomes national director. He has previously worked for JLL in Dubai and in its City leasing team. Andrew Wood (pictured) joins as associate director. He has previously held roles at CBRE and DTZ [...]
Tate & Lyle share price falls as company warns of another difficult year as profit, earnings and sales all fall May 28, 2015 The figures Tate & Lyle's share price slumped four per cent in early trading after a depressing set of full-year results signalled little turnaround in profits. The FTSE 250-listed group is predicting profits will stay flat next year. admitting that it had endured "very challenging" last 12 months as it continues to restructure its business. In the [...]