The Lemon Fool

mrbrightside wrote:For any HYP'ers (like me) who idly clicked through for the vital information...

The underlying performance of the Group was consistent with the first half and in line with our expectations. Our guidance for the year ending 31 March 2020 remains unchanged.

Tate & Lyle will issue its results for the year ended 31 March 2020 on 21 May 2020. The Group performed well during the year with each trading division exceeding the prior year's performance. Accordingly, we expect to announce results slightly ahead of our guidance coming into the year.

Bouleversee wrote:They sound reasonably confident which as a holder I was happy about and then I read this on ADVFN's morning report:

"Tate & Lyle was in the red after it said US bulk sweetener volume fell 26% in April as bars, cinemas, restaurants and sporting events were either shut or cancelled as part of the coronavirus lockdown. Industrial starch volume was 9% lower reflecting reduced demand for paper and packaging following the closure of schools, offices and a general decline in economic activity, the company said." Not quite so encouraging.

I don't think they have said whether they are planning to pay a dividend, have they?

I was a bit surprised by the reference to industrial starch and paper and packaging. I should have thought that more internet traffic would have generated compensating requirements for p & p but if not perhaps that explains why DS Smith is doing less well than one might expect.

Bouleversee wrote:Obviously, but a big increase in packaging for the increase in the amount of goods bought on the internet would, I should have thought, cancel that out.
The post has been on the decline for a long time.

idpickering wrote:Finals here; https://www.tateandlyle.com/sites/defau ... -final.pdf

Also posted on HYP Practical.

Tate & Lyle issues the following trading statement for the three months to 30 June 2020.

As anticipated in our trading update on 4 May 2020 and in our full-year results statement on 21 May 2020, the Group's performance in the first quarter reflected the impact of lockdowns on out-of-home consumption in North America and Europe, partially offset by resilience from in-home consumption. Having seen fluctuating demand patterns in April and May, demand improved in both divisions in June as lockdowns started to ease. The full extent of the pandemic's impact still remains unclear.

Our response to Covid-19 has successfully focused on ensuring we look after the health, safety and wellbeing of our colleagues, their families and the local communities in which we operate; and to work closely with our customers to play our part in supporting the food supply chain with all our manufacturing facilities remaining fully operational in the quarter.

Tate & Lyle PLC ("Tate & Lyle"), a leading global provider of food and beverage ingredients and solutions, announces that it has signed an agreement to acquire an 85% shareholding in Chaodee Modified Starch Co., Ltd. ("CMS"), a well-established tapioca modified food starch manufacturer located in Thailand.

This investment extends Tate & Lyle's presence in speciality tapioca-based texturants and establishes a dedicated production facility in the main tapioca region of eastern Thailand. The acquisition will enable Tate & Lyle to offer a broader range of tapioca-based solutions to meet customers' needs for better tasting and clean label foods in categories including dairy, bakery, snacks, noodles and soup, sauces and dressings .

Tate & Lyle PLC (Tate & Lyle), a leading global provider of food and beverage ingredients and solutions, is pleased to announce the acquisition of Sweet Green Fields (SGF), a leading global stevia solutions business.

The acquisition of SGF brings a broad portfolio of stevia products and a fully integrated stevia supply chain to Tate & Lyle including leaf sourcing, leaf varietal development, established agricultural programmes and cost-efficient manufacturing. It strengthens Tate & Lyle's position as a leading provider of innovative sweetener solutions with the capabilities to create foods and beverages that are lower in sugar and calories and with cleaner labels for customers across the world. The acquisition also extends Tate & Lyle's presence in the faster growing Asia Pacific region with dedicated stevia production and research and development facilities located in Anji, China.

Tate & Lyle notes recent media speculation and confirms that it is in the process of exploring the potential to separate its Food & Beverage Solutions and Primary Products businesses through a sale of a controlling stake in its Primary Products business to a new long-term financial partner.

Tate & Lyle continues to successfully execute its strategy and remains confident in the future growth prospects of the company. However, the Board believes that if a transaction of this nature was completed it would enable Tate & Lyle and the new business to focus their respective strategies and capital allocation priorities and create the opportunity for enhanced shareholder value.

Discussions with potential new partners in the Primary Products business are at an early stage and therefore there can be no certainty that a transaction will be concluded.

A further announcement will be made as and when appropriate.