Analyst Views | How did Tate & Lyle fare in the first half?

 
Kasmira Jefford
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MARTIN DEBOO INVESTEC
Tate’s second quarter represents something of an amuse-bouche ahead of feasts to come. But with the first half now in the bag, this reads as an upbeat statement to us, subject to the proviso that we are at the bottom end of consensus.

ALICIA FORRY CANACCORD GENUITY
Difficult market conditions in Europe and tough comps in Sucralose have hurt special food ingredient profits ...While this is clearly disappointing, we are encouraged by the comments about strong demand and pricing in bulk foods.

DIRK VAN VLAANDEREN JEFFERIES
After a rather cautious first quarter, we believe this statement has a slightly more positive tone as special food ingredients is back on track with a solid second quarter... and it seems bulk has performed slightly better than we were anticipating.