Tate & Lyle (TATE)

Sector:

Food

Index:

FTSE 250

770.50p
   
  • Change Today:
      11.00p
  • 52 Week High: 807.00
  • 52 Week Low: 591.00
  • Currency: UK Pounds
  • Shares Issued: 378.86m
  • Volume: 838,263
  • Market Cap: £2,919.09m
  • RiskGrade: 93
  • Beta: 0.64

Tate & Lyle uses new rules to swerve vote on Kelco buy

By Frank Prenesti

Date: Thursday 03 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Tate & Lyle said it would not be putting its £1.4bn acquisition of US speciality ingredients maker CP Kelco to shareholders for approval under new listing rules brought in by the UK's financial regulator.
Changes introduced by the Financial Conduct Authority took effect at the end of July permitting companies to take fewer matters to investors for a vote.

The company also said it was seeing positive volume momentum for the five months to August 31 and held guidance for full-year earnings, although it continued to expect to deliver revenue slightly lower than last year on a constant currency basis.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tate & Lyle Market Data

Currency UK Pounds
Share Price 770.50p
Change Today 11.00p
% Change 1.45 %
52 Week High 807.00
52 Week Low 591.00
Volume 838,263
Shares Issued 378.86m
Market Cap £2,919.09m
Beta 0.64
RiskGrade 93

Tate & Lyle Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.43% below the market average65.43% below the market average65.43% below the market average65.43% below the market average65.43% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
65.41% above the market average65.41% above the market average65.41% above the market average65.41% above the market average65.41% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
7.24% below the market average7.24% below the market average7.24% below the market average7.24% below the market average7.24% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
65.43% above the market average65.43% above the market average65.43% above the market average65.43% above the market average65.43% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tate & Lyle Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Jun-24 23-Nov-23
Paid 02-Aug-24 05-Jan-24
Amount 12.90p 6.20p

Trades for 05-Nov-2024

Time Volume / Share Price
17:14 1,250 @ 770.50p
16:38 90 @ 770.50p
16:35 402,461 @ 770.50p
16:35 2,320 @ 770.50p
16:35 2,320 @ 770.50p

Tate & Lyle Key Personnel

CEO Nick Hampton
Chair David Hearn
CFO Sarah Kuijlaars

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