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Last 592.50 GBp
Change Today -0.50 / -0.08%
Volume 1.1M
TATE On Other Exchanges
Symbol
Exchange
London
OTC US
OTC US
Berlin
Frankfurt
As of 11:35 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

tate & lyle plc (TATE) Snapshot

Open
595.00 GBp
Previous Close
593.00 GBp
Day High
601.50 GBp
Day Low
590.50 GBp
52 Week High
09/19/14 - 744.50 GBp
52 Week Low
12/16/14 - 551.50 GBp
Market Cap
2.8B
Average Volume 10 Days
2.3M
EPS TTM
0.39 GBp
Shares Outstanding
466.1M
EX-Date
11/20/14
P/E TM
15.0x
Dividend
31.11 GBp
Dividend Yield
5.25%
Current Stock Chart for TATE & LYLE PLC (TATE)

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tate & lyle plc (TATE) Details

Tate & Lyle PLC provides ingredients and solutions to the food, beverage, and other industries worldwide. The company operates through two divisions, Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients division offers starch-based specialty ingredients that include specialty corn-based sweeteners comprising KYRSTAR crystalline fructose, as well as high-intensity sweeteners, including SPLENDA sucralose, PUREFRUIT monk fruit extract, and TASTEVA stevia sweetner; texturants, such as specialty starches and locust bean gum; health and wellness, including PROMITOR soluble corn fiber, STA-LITE polydextrose, SODA-LO salt microspheres, and Promoat beta glucan; and food systems, which include food stabilizer systems and functional ingredient blends. The Bulk Ingredients division manufactures and markets a range of products, including liquid sweeteners consisting of corn syrup, dextrose, and glucose; industrial starches, ethanol, citric acid, bio-fuels, and acidulants; and animal feeds, such as corn gluten feed and meal for food and beverage, and industrial and agricultural customers. The company is also involved in the in-house banking, blending, reinsurance, and management and finance businesses. Tate & Lyle PLC was incorporated in 1903 and is headquartered in London, the United Kingdom.

4,523 Employees
Last Reported Date: 05/28/14
Founded in 1903

tate & lyle plc (TATE) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: 741.0K GBP
Compensation as of Fiscal Year 2014.

tate & lyle plc (TATE) Key Developments

Tate & Lyle to Close European Bulk Ingredients Business and Plans to Shut Down Factory in Singapore

Tate & Lyle has announced that it will close its European Bulk Ingredients business. Additionally, the company has decided to re-structure its Splenda Sucralose business to further concentrate on Speciality Food Ingredients. Further, the company plans to shut down a factory in Singapore to slash operational costs and consolidate production at a plant in McIntosh, Alabama.

Tate & Lyle plc - Special Call

To discuss exit from the substantial part of its European Bulk Ingredients business and the re-structuring of its SPLENDA Sucralose business to further focus on and strengthen Speciality Food Ingredients and other business

Tate & Lyle plc Declares Provides Dividend Guidance for the Year Ended March 31, 2015 and for the Year Ending March 31, 2016; Plans to Consolidate Production of SPLENDA Sucralose

The Board recognises the importance of dividends to shareholders and remains committed to the dividend policy it implemented in 2009. Underpinned by the confidence it has in the strategy of the business, the Board intends to recommend an unchanged final dividend for the year ended 31 March 2015 of 19.8 pence to make a total for the year of 28.0 pence, an increase of 1.4%. Further, the Board intends to maintain the total dividend payment at 28.0 pence for the year ending 31 March 2016. The company announced that from Spring 2016, all production of SPLENDA Sucralose will be consolidated into facility in McIntosh, Alabama, US. Over the next 12 months there will be a phased transfer of production from Singapore to McIntosh, after which the Singapore facility will be closed permanently. The McIntosh facility operating at a higher scale and utilization level than it does currently will provide a materially lower-cost manufacturing position from which to operate. The company expects to invest around £18 million to consolidate production in McIntosh. This mainly relates to the transfer of equipment from Singapore to McIntosh, and for additional equipment at McIntosh to produce all SPLENDA Sucralose product forms. When the transfer is complete in Spring 2016, McIntosh will be capable of supplying customers’ existing and ongoing needs. McIntosh and Singapore both use the same process and manufacture to the same specification and, therefore, product quality and service to customers will not be impacted.

 

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Industry Analysis

TATE

Industry Average

Valuation TATE Industry Range
Price/Earnings 14.2x
Price/Sales 0.9x
Price/Book 2.5x
Price/Cash Flow 7.9x
TEV/Sales 0.9x
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