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United Kingdom

Tate & Lyle PLC (TATE.L)

TATE.L on London Stock Exchange

759.60GBp
24 May 2019
Change (% chg)

-2.40 (-0.31%)
Prev Close
762.00
Open
769.40
Day's High
774.40
Day's Low
757.40
Volume
1,980,112
Avg. Vol
1,418,652
52-wk High
810.00
52-wk Low
605.61

Latest Key Developments (Source: Significant Developments)

Tate & Lyle Expects FY20 EPS To Be Broadly Flat To Low-Single Digit Growth
Thursday, 23 May 2019 

May 23 (Reuters) - Tate & Lyle PLC ::TATE & LYLE PLC - FINAL RESULTS.TATE & LYLE PLC - PROPOSED FINAL DIVIDEND OF 20.8P PER SHARE; FULL YEAR DIVIDEND OF 29.4P PER SHARE UP 2.4%.TATE & LYLE PLC - FY ADJUSTED PROFIT BEFORE TAX 309 MILLION STG VERSUS 296 MILLION STG AS REPORTED A YEAR AGO.TATE & LYLE PLC - FY STATUTORY PROFIT BEFORE TAX 240 MILLION STG VERSUS 286 MILLION STG AS REPORTED A YEAR AGO.TATE & LYLE PLC - FY SALES 2,755 MILLION STG VERSUS 2,710 MILLION STG AS REPORTED A YEAR AGO.TATE & LYLE PLC - FOUR-YEAR US$100M PRODUCTIVITY PROGRAMME ON TRACK.TATE & LYLE PLC - FOR YEAR ENDING 31 MARCH 2020, EXPECT CONTINUING PROGRESS IN FOOD & BEVERAGE SOLUTIONS.TATE & LYLE PLC - IN FY ACROSS BUSINESS, STRONG COST DISCIPLINE HELPED OFFSET HIGHER THAN EXPECTED INPUT COSTS.TATE & LYLE PLC - FY 2020 EXPECT EARNINGS PER SHARE GROWTH IN CONSTANT CURRENCY TO BE BROADLY FLAT TO LOW-SINGLE DIGIT.TATE & LYLE PLC - ADJUSTED EFFECTIVE TAX RATE FOR FISCAL 2020 EXPECTED BETWEEN 21.5% AND 23.5%.TATE & LYLE PLC - FY GROUP STATUTORY PROFIT BEFORE TAX OF £240M WAS £46M LOWER DUE TO HIGHER EXCEPTIONAL COSTS.TATE & LYLE PLC - AT MARCH END NET DEBT AT £337M, £55M LOWER THAN AT 31 MARCH 2018.  Full Article

Tate & Lyle Extends Distribution Agreement With Azelis
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Tate & Lyle PLC ::TATE & LYLE PLC - TATE & LYLE EXTENDS DISTRIBUTION AGREEMENT WITH AZELIS.TATE & LYLE- AZELIS TO DISTRIBUTE CO'S TEXTURANTS, LOW, NO CALORIE SWEETENERS & OTHER PRODUCTS TO POLAND, CZECH, SLOVAKIA, ROMANIA, CROATIA, SLOVENIA.  Full Article

Tate & Lyle HY Adj Pretax Profit Of 166 Mln Stg
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Tate & Lyle PLC ::HY ADJUSTED PRETAX PROFIT 166 MILLION STG VERSUS 166 MILLION STG.HY SALES FROM CONTINUING OPERATIONS OF 1383 MILLION STG VERSUS 1398 MILLION STG.EXPECT GROWTH IN EARNINGS PER SHARE IN CONSTANT CURRENCY TO BE IN A MID-SINGLE DIGIT RANGE FOR FY.INTERIM DIVIDEND INCREASED BY 0.2P TO 8.6P PER SHARE; UP 2.4%.FULL YEAR GUIDANCE UNCHANGED.HY 3% INCREASE IN FOOD & BEVERAGE SOLUTIONS PROFIT TO £77M.HY PRIMARY PRODUCTS PROFIT 6% LOWER AT £85M.  Full Article

Tate & Lyle PLC - Tate & Lyle names Quadra its canadian distributor for food and beverage solutions
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Tate & Lyle PLC ::TATE & LYLE PLC - TATE & LYLE NAMES QUADRA ITS CANADIAN DISTRIBUTOR FOR FOOD AND BEVERAGE SOLUTIONS.  Full Article

Tate & Lyle Says ‍remains On Track To Deliver Progress In Adj Profit Before Tax In Constant Currency For FY
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Tate & Lyle Plc ::IN Q3 ‍GROUP SAW VOLUME MOMENTUM IN ITS SPECIALITY FOOD INGREDIENTS AND BULK INGREDIENTS DIVISIONS​.‍REMAINS ON TRACK TO DELIVER PROGRESS IN ADJUSTED PROFIT BEFORE TAX IN CONSTANT CURRENCY FOR YEAR ENDING 31 MARCH 2018, IN LINE WITH GUIDANCE​.IN Q3 ‍IN SPECIALITY FOOD INGREDIENTS, CORE BUSINESS DELIVERED GOOD VOLUME GROWTH, INCLUDING A CONTINUATION OF MODEST VOLUME GROWTH IN NORTH AMERICA​.IN Q3, ‍IN FOOD SYSTEMS, PROFIT IMPROVED ALTHOUGH VOLUME WAS LOWER​.‍IN BULK INGREDIENTS, SWEETENER VOLUME IN NORTH AMERICA GREW IN Q3 AND PROFIT GROWTH IS CURRENTLY EXPECTED TO BE ROBUST FOR FY ENDING MARCH 31.‍"2018 CALENDAR YEAR BULK SWEETENER PRICING ROUND IS NOW SUBSTANTIALLY COMPLETE WITH MARGINS BROADLY IN LINE WITH PREVIOUS YEAR"​.  Full Article

Tate & Lyle names Nick Hampton CEO
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Tate & Lyle Plc ::TATE & LYLE PLC NICK HAMPTON APPOINTED CHIEF EXECUTIVE OF TATE & LYLE PLC.‍NICK IS CURRENTLY CHIEF FINANCIAL OFFICER AND A BOARD MEMBER OF TATE & LYLE.‍NICK HAMPTON SUCCEEDS JAVED AHMED WHO WILL STEP DOWN FROM THIS ROLE AND FROM BOARD, AND RETIRE FROM COMPANY, WITH EFFECT FROM APRIL 1​.  Full Article

Tate & Lyle says HY sales from continuing operations ‍1.39​ bln STG vs 1.32 bln STG year ago
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - TATE & LYLE PLC :HY SALES FROM CONTINUING OPERATIONS ‍1 398​ MILLION STG VERSUS 1,321 MILLION STG YEAR AGO.HY PRETAX PROFIT FROM CONTINUING OPERATIONS ‍161​ MILLION STG VERSUS 128 MILLION STG YEAR AGO.INTERIM DIVIDEND PER SHARE ‍8.4P​.‍NET DEBT AT £371M, £81M LOWER THAN 31 MARCH 2017 WITH STRONGER ADJUSTED FREE CASH FLOW​.‍WE EXPECT UNDERLYING ADJUSTED PROFIT BEFORE TAX IN CONSTANT CURRENCY FOR FULL YEAR TO BE MODESTLY HIGHER THAN WE ANTICIPATED​.‍IN HY, £10M INCREASE IN SPECIALITY FOOD INGREDIENTS ADJUSTED OPERATING PROFIT TO £104M​.‍IN HY, £29M INCREASE IN BULK INGREDIENTS ADJUSTED OPERATING PROFIT TO £93M​.  Full Article

Tate & Lyle says made "encouraging" start to year, with Q1 profit up
Thursday, 27 Jul 2017 

July 27 (Reuters) - TATE & LYLE PLC :TATE & LYLE PLC - GROUP MADE AN ENCOURAGING START TO YEAR WITH PROFIT IN CONSTANT CURRENCY AHEAD OF COMPARATIVE PERIOD, AND VOLUME AHEAD IN BOTH DIVISIONS."CONTINUE TO EXPECT THAT GROUP WILL MAKE UNDERLYING PROGRESS IN FULL YEAR".TATE & LYLE PLC - IN CORE SPECIALITY FOOD INGREDIENTS, NORTH AMERICA, WHERE OVERALL FOOD AND BEVERAGE MARKET REMAINED SOFT, SAW MODEST VOLUME GROWTH.TATE & LYLE - IN CORE SPECIALITY FOOD INGREDIENTS IN Q3 ASIA PACIFIC AND LATIN AMERICA, AND EUROPE, MIDDLE EAST AND AFRICA DELIVERED STRONG VOLUME GROWTH.  Full Article

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Tate & Lyle slips after forecasts only limited earnings growth

Shares in Tate & Lyle slipped more than four percent after the food ingredients company forecast broadly flat to low-single figure digit earnings per share growth for 2020.