Companies

Jul 1: Sweet deal for Tate & Lyle

Tate & Lyle has agreed to sell a large part of its sugars operation to American Sugar Refining of the US. The £211m deal cuts many of Tate's historic ties with the business upon which the UK group was founded. Andrew Hill, City editor, tells Daniel Garrahan that he isn't worried by another iconic British brand going into foreign ownership and the fact that the deal was done with a specialist American sugar company could be good news for UK manufacturing.