Tate & Lyle - Value-add activities driving H1 profit growth

Davy Research
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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.