Sucralose success no short-term sweetener
Article Abstract:
Tate and Lyle has received approval from the Food and Drug Administration to employ its sucralose sweetener in beverages. This good news follows a warning that the company's profit for 1st half 1997 to 1998 had dropped. Stock prices rose after the good news, and this rise could be a selling opportunity. The company should see the end of a period of bad news after one-off items in 1998, so recommendations are not easy to make. Some factors which are causing difficulty, such as the high value of pound sterling could change.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Tate and Lyle
Article Abstract:
Tate and Lyle produced results for the six months to end Mar 1996 that were better than expected. The company faces problems with Staley, a US starch concern, which has seen a rise in the price of maize of 100% over a year. Tate and Lyle is affected by volatility in commodity prices, but holds and strong global position, and should perform better when the cost of starch is less of a problem. The company's profit is forecast at 295 million pounds sterling by UBS for 1995 to 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Armour Trust: the smell of success
Article Abstract:
Armour Trust produces sugar confectionery, fragrances and car products. The company aims to increase production of chemicals and car products such as air freshners for cabs and anti-freeze, and benefits from strong brand names. The company acquired House of Despina and Albion Botanicals in 1995, which has increased itsrange. Armour Trust could achieve a pre-tax profit of 2.5 million pounds sterling for 1995 to 1995, according to UBS.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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