Ingredients manufacturer Tate & Lyle reported an 85% rise in profit before tax in its full-year results, reflecting the weak value of sterling and an “excellent commercial and manufacturing performance”, it claimed.
Food ingredients manufacturer Tate & Lyle expects to exceed its targets for the full financial year, according to its latest financial update for the three months to December 31.
European sweetener demand and ingredients volume growth lifted Tate & Lyle’s interim results, offsetting weak US figures, according to the multi-national ingredients processor.
Tate & Lyle says its new salt reduction ingredient, Soda-Lo Salt Microspheres, enables manufacturers to reduce salt levels by up to 50% without sacrificing on a product's taste.
Stronger industrial starch margins in Europe have boosted sales at sweeteners manufacturer Tate & Lyle following the announcement of the firm’s full year results.
An increase in the price for iso-glucose, driven by strong sugar prices, has boosted results at Tate & Lyle, according to city analysts, following the firm’s latest trading update.
Tate & Lyle could be vulnerable to a takeover by an industry rival such as Cargill, according to a lawyer specialising in food industry mergers and acquisitions.
Tate & Lyle has agreed the sale of its molasses business to W&R Barnett for £67 million cash, a deal that is consistent with its strategy to dispose of its bulk ingredient operations and focus instead on specialty ingredients.
Tate & Lyle could net a further £70m from selling its molasses trading and Vietnam sugar businesses following the £211m sale of its EU sugar division, according to Investec Securities.
The acquisition of National Starch appears to be off the agenda at Tate & Lyle, with the firm now "set to fall into enemy hands", according to analysts at Investec Securities.
Volumes of sucralose sold in Europe could double in the next four to five years, according to one supplier challenging Tate & Lyle’s monopoly of the market.
Tesco, Sainsbury and Morrisons all aim to launch own-label sucralose-based sweeteners this year to compete with Tate & Lyle’s Splenda product, FoodManufacture.co.uk has learned.
Managing the historical site that processes Tate & Lyle's much loved Golden Syrup brand is no mean feat for Dr Ian Clark, who relishes the challenge of running this 'hi-tech working museum'
With $42M to spend on research and development, Dr Robert Fisher, Tate & Lyle's head of global R&D, spent a little time with Elaine Watson. They talked core competencies
Ingredients manufacturers are put to the test as snack processors demand salt and sugar substitutes to transform their naughty nibbles into tasty, but healthy treats. Sarah Britton looks at the latest developments designed to make mouths water
