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Tate & Lyle To Pass Through Cost Inflation As It Renews Customer Framework Agreements For 2027

By Reuters News

Nov 5 (Reuters) - Tate & Lyle PLC TATE.L:

  • TATE & LYLE H1 REVENUE GBP 1,039 MILLION

  • TATE & LYLE H1 ADJUSTED PRETAX PROFIT GBP 102 MILLION

  • TATE & LYLE: OUTLOOK FOR THE YEAR ENDING 31 MARCH 2027 IS MAINTAINED

  • TATE & LYLE: EXTENSION OF THE CONFLICT IN THE MIDDLE EAST MEANS THAT THE IMPACT HAS BECOME MORE PRONOUNCED THAN ORIGINALLY ANTICIPATED

  • TATE & LYLE: INTEND TO PASS THROUGH COST INFLATION AS WE RENEW CUSTOMER FRAMEWORK AGREEMENTS FOR THE 2027 CALENDAR YEAR

  • TATE & LYLE: ALSO SEEKING TO OFFSET COST INFLATION THROUGH A RANGE OF INITIATIVES INCLUDING PROCUREMENT ACTIVITIES AND OPERATIONAL DISCIPLINE

  • TATE & LYLE H1 DIVIDEND GBP 0.068

  • TATE & LYLE: CONTINUE TO OPERATE IN A CHALLENGING INFLATIONARY ENVIRONMENT

  • TATE & LYLE: US$200 MILLION 5-YEAR PRODUCTIVITY PROGRAMME ON TRACK WITH FURTHER US$27M SAVINGS DELIVERED IN H1

Further company coverage: TATE.L

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