Tate & Lyle shares fall on US tariff threat to revenue
By Frank Prenesti
Date: Thursday 22 May 2025
(Sharecast News) - Shares in Tate & Lyle fell almost 6% on Thursday after the food and beverage giant warned revenue growth in the current year would be at or just below the low end of its medium-term target range, blaming uncertainty over US tariffs.
The company also reported a 9% rise in pre-tax profit to £270m for the 2024/25 fiscal year, including contributions from the £1.4bn acquisition of CP Kelko from November. On a statutory basis, operating profit fell 49% to £106m.
"Our predominantly regional production model means we are well-placed to supply customers," the company said.
"However, tariffs and the associated uncertainty have increased costs for both us and our customers, mainly for products we supply between the US and China." Shares in the firm were down 6% in late afternoon London trade.
Reporting by Frank Prenesti for Sharecast.com
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10 Lower Thames St,
London EC3R 6EN