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.

Synthetic Sweeteners, Food industry, Sugar substitutes, Sweetener industry

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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.

Sugar industry

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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.

Flavor & Perfume Materials, Polishes and sanitation goods, Polish and Other Sanitation Good Manufacturing, Room Deodorants, Chemical industry, Additives, Air fresheners, Armour Trust PLC

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