Tate & Lyle

Value-add activities driving H1 profit growth

  • Sectors : Foods
  • Companies : Tate & Lyle

Ratings and price correct at time of issue.

  • Tate & Lyle

    Closing Price: 664p

  • RATING 17/02/16

  • PREVIOUS RATING 13/02/14

    UNDERPERFORM

DAVY VIEW

Tate’s interim result was underpinned by good margin delivery from its Food & Beverage (F&B) Solutions division, with favourable price/mix effects offsetting a moderation in volume growth. The result provides a solid foundation for FY delivery in the context of a testing operating environment. Tate’s model is proving more resilient under the stewardship of the new executive team.

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Nov 7 2019, 08:25 GMT

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