Tate & Lyle hits over 16-year low after cutting FY revenue, profit outlook

Tate & Lyle

01/10/2025 08:31

** Shares of Tate & Lyle TATE.L fall as much as 11.5% to 398p, their lowest since August 2009

** Stock biggest loser on FTSE Mid 250 Index .FTMC, which is down 0.3%

** Food ingredients maker expects FY revenue & adjusted core profit to fall by low-single digits, versus prior forecast of at least or just below 4-6% revenue growth and profit growth ahead of sales

** Co says near-term demand remains challenging but expects performance to improve in Q4

** As of last close, stock down ~31% YTD

 (Reporting by Atharva Singh in Bengaluru)

 ((Atharva.singh@thomsonreuters.com))