Tate & Lyle sees revenue hit from US tariff uncertainty

(Sharecast News) - Tate & Lyle on Thursday warned that 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.

"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."

Reporting by Frank Prenesti for Sharecast.com