Tag Archives: Consumer Staples

(Bloomberg) — Asda has appointed former boss Allan Leighton as executive chair, as the struggling grocer looks to turn around its fortunes. Leighton will succeed Stuart Rose, Asda said in a statement on Saturday. Rose, who joined the company three years ago, will remain on the board to ensure an …

(Bloomberg) — Ingredients company Tate & Lyle Plc surged after the Financial Times reported that buyout group Advent International is preparing a takeover bid. Shares in the London-listed supplier to food producers rose more than 12% on the report, giving the company a market capitalization of about £3.2 billion ($4.2 …