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Pin to quick picksTate & Lyle Share News (TATE)

Share Price Information for Tate & Lyle (TATE)

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Share Price: 674.00
Bid: 675.00
Ask: 676.00
Change: 0.50 (0.07%)
Spread: 1.00 (0.148%)
Open: 674.00
High: 678.50
Low: 672.50
Prev. Close: 673.50
TATE Live PriceLast checked at -

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Sector movers: Food stocks binned after Tate & Lyle profit warning

Fri, 06th Feb 2015 14:49

Tate & Lyle was dampening the food sector in London on Friday after the sweeteners maker disappointed investors with its second profit warning in just four months.Tate & Lyle said it now expects adjusted pre-tax profits for the year ending 31 March to be below previous guidance of £230m-245m.The profit warning, which is the Splenda sucralose manufacturer's third in a year, was blamed on a weaker-than-expected performance in its bulk ingredients division as capacity constraints in the US transportation network led to lower sweetener volumes.Meanwhile, weakened EU sugar prices affected bulk sweetener prices in Europe, and the company experienced a sharp deterioration in ethanol margins near the end of the period.The stock was down 14% at 571.3p by 15:32 on Friday afternoon, nearing its 52-week low of 551.5p reached in December.Mike van Dulken, the head of research at Accendo Markets, said: "Management obviously needs to do something to stir things up and improve current business trends if it wants to sweeten up investors and deliver a genuine share price reversal."Other food producers were also out of favour in London, including Provexis, Devro, Real Good Food, Dairy Crest and Premier Foods.News that Tesco was under investigation could also be hitting sentiment in the food sector on the back of concerns that the supermarket giant has mistreated suppliers. The Groceries Code Adjudicator is looking into whether the company has breached the Groceries Supply Code of Practice."The investigation will consider the existence and extent of practices which have resulted in delay in payments to suppliers," a statement said.Top performing sectors so far todayIndustrial Metals & Mining 1,808.22 +3.55%Banks 4,452.23 +1.46%Life Insurance 8,180.22 +0.66%Industrial Transportation 2,861.07 +0.61%Insurance (non-life) 2,058.02 +0.60%Bottom performing sectors so far todayFood Producers & Processors 7,921.60 -2.15%Mining 14,196.54 -1.85%Tobacco 42,419.59 -1.30%Food & Drug Retailers 3,188.25 -0.91%Automobiles & Parts 8,865.95 -0.89%
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CORRECT: UK WINNERS & LOSERS: Kingfisher Leads FTSE 100 Fallers

(Item published at 1209 BST and 1218 BST misstated the surname of Aggreko's interim CFO. The correct version follows.) LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
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29 May 2014 11:18

CORRECT: UK WINNERS & LOSERS: Kingfisher Leads FTSE 100 Fallers

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29 May 2014 11:09

UK WINNERS & LOSERS: Kingfisher Leads FTSE 100 Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
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FTSE 100 - WINNERS
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29 May 2014 10:18

TOP NEWS: Man Group Confirms Talks To Buy Numeric Holdings

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29 May 2014 09:58

MARKET COMMENT: UK Stocks Make Gains In Thin Market Ahead Of US Data

LONDON (Alliance News) - UK stocks are trading modestly higher Thursday, although volumes remain light with half of Europe closed for the Ascension Day holiday and no economic data due until the afternoon, when revised US GDP numbers are released. "Trade volumes on the FTSE are basically ab

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29 May 2014 09:32

UPDATE 2-Weak sweetener sales sour Tate & Lyle performance

* Full-year profit falls 2 pct to 322 mln pounds * Sees performance for new year "slightly lower" * Says M&A could accelerate goals, but not needed * Shares up 4.4 percent; analyst bullish on long-term prospects (Adds background, CEO comment, share move, byline, bullet points)

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29 May 2014 08:09

Tate & Lyle Profit Flat As Winter Stills US Demand For Fizzy Drinks

LONDON (Alliance News) - Sweeteners and starches firm Tate & Lyle PLC Thursday reported flat profit and a drop in sales for its most recent financial year, hit by a soft US beverage sector and weaker sales of its bestselling brand, no-calorie sweetener Splenda sucralose. The group said that

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29 May 2014 08:06

Tate & Lyle in line but warns of slow start to new year

- Earnings down 2% but ahead of consensus at 55.7p - Final dividend up 5.3% to 19.8p - For 2015, sucralose headwinds expected - For 2015, slow start expected for Bulk Ingredients In the face of tough competition in artificial sweeteners and adverse weather effects, Tate & Lyle produced annual reve

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29 May 2014 07:25

UK MORNING BRIEFING: Kingfisher Shares Fall 5% Amid Firm Open

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29 May 2014 06:37

MARKET COMMENT: UK Stocks To Open Flat Ahead Of US GDP Revision

LONDON (Alliance News) - UK stocks are set to open flat to fractionally higher ahead of the US first-quarter GDP revision, which provides the main economic focus for Thursday but doesn't come until later in the day. Trading so far this week, which started with UK and US bank holidays and no

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29 May 2014 06:21

Tate & Lyle posts lower earnings, sees tough year ahead

LONDON, May 29 (Reuters) - British food ingredients firm Tate & Lyle reported lower full-year earnings on Thursday, hurt by a dramatic drop in prices of its sucralose sweetener and weak sales of soft drinks in the United States. The company said adjusted operating profit was 349 million pou

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29 May 2014 05:26

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