Tate & Lyle (TATE)

Sector:

Food

Index:

FTSE 250

750.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 807.00
  • 52 Week Low: 591.00
  • Currency: UK Pounds
  • Shares Issued: 379.87m
  • Volume: 1,190,045
  • Market Cap: £2,849.04m
  • RiskGrade: 93

Tate & Lyle lifts guidance for continuing ops as revenues rise

By Frank Prenesti

Date: Friday 11 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Food products group Tate & Lyle reported a rise in revenues in the final three months of 2021 as it lifted guidance for continuing operations and said it remained on track to create two businesses by the end of March.
The company, which effectively broke itself up last July with the £1.3bn sale of its primary products business, said its continuing operations were now expected to be stronger. Food & Beverages revenue rose 19% and New Products sales soared 54%.

Compared with the same period in pre-pandemic 2019, Food & Beverage volume was up 12% higher and revenue 31%.

Adjusted pre-tax profit from continuing operations was expected to show growth in the low double-digit percentage range at constant currencies for the year to March 31, 2022, the company said in a trading statement released on Friday.

Tate & Lyle's group operations were forecast to report mid-single digits growth in adjusted earnings per share due to the performance of the discontinued business and inflation.

"We enter 2022 in a strong position. Our new business pipeline in Food & Beverage Solutions is healthy and in both our businesses we have renewed 2022 calendar year customer contracts that offset inflation," said chief executive Nick Hampton.

"With Tate & Lyle re-positioned as a growth-focused, global food and beverage solutions business serving faster growing markets, we see significant opportunities ahead. Consumer demand for healthier food and drink is accelerating globally and with our leading expertise in sweetening, mouthfeel and fortification, the new Tate & Lyle is well positioned to capture this growth."

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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 750.00p
Change Today -4.00p
% Change -0.53 %
52 Week High 807.00
52 Week Low 591.00
Volume 1,190,045
Shares Issued 379.87m
Market Cap £2,849.04m
RiskGrade 93

Tate & Lyle Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.12% below the market average64.12% below the market average64.12% below the market average64.12% below the market average64.12% 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
57.34% above the market average57.34% above the market average57.34% above the market average57.34% above the market average57.34% 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
4.15% below the market average4.15% below the market average4.15% below the market average4.15% below the market average4.15% below the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
65.81% above the market average65.81% above the market average65.81% above the market average65.81% above the market average65.81% 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 31-Oct-2024

Time Volume / Share Price
16:35 1,350 @ 750.00p
16:35 68 @ 750.00p
16:35 34 @ 750.00p
16:35 1,568 @ 750.00p
16:35 40 @ 750.00p

Tate & Lyle Key Personnel

CEO Nick Hampton
Chair David Hearn
CFO Sarah Kuijlaars

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