0817 GMT - Tate & Lyle update is reassuring, Goodbody analyst Patrick Higgins writes in a note. The provider of food-and-beverage ingredients expects to deliver results in line with expectations for fiscal 2025, with a better-than-expected margin recovery for its CP Kelco business. This is particularly encouraging given the recent share decline, Higgins says. However, "there is still clearly a degree of uncertainty on trading for the year ahead given the recent challenging pricing round, and the volatile global macro backdrop," he adds. Shares are up 2.3% at 515 pence. ( najat.kantouar@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 04:17 ET (08:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.