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Tate & Lyle Selling Control Of Sweetener Arm To PE Firm kamcity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kamcity.com Daily Mail and Mail on Sunday newspapers.
Tate & Lyle leaders outline potential company split fooddive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fooddive.com Daily Mail and Mail on Sunday newspapers.
Tate & Lyle posts profit rise as sweetener giant mulls split The sweetener giant sold off its sugar business in 2010 (Nick Ansell/PA) Tate & Lyle has said it is mulling a split as it increased its final dividend on the back of annual profit growth. However, shares in the firm dipped in early trading as it provided a cautious earnings outlook due to pressures on commodity prices. The sweetener giant, which sold off its sugar business in 2010, revealed that adjusted pre-tax profits increased by 6% to £335 million for the year to March. Meanwhile, it saw 1% growth in adjusted revenues to £2.8 billion for the year as it reported increased demand for healthier food and drink products to be consumed at home. ....
By BFN News | 07:23 AM | Thursday 27 May, 2021 Tate & Lyle has reported a 6% rise in its adjusted pre-tax profits for the year ended March 2021, duelled by double-digit growth in food and beverage solutions. The food and beverage division saw a 12% rise in profit during the period to £177 million, and a 6% increase in revenue. Sucralose profit was down 9% at £55m reflecting pricing pressure and higher production costs, the company said, while sweeteners and starches fell 13%. Primary products saw a profit increase of 5% to £158m and commodities was up 98%, according to the results. The company has proposed a final dividend increase of 5.8% to 22p, making a full year dividend of 30.8p - an increase of 4.1% overall. ....