Growth ChallengesGrowth rates may prove elusive near term given the macro backdrop, and the valuation discount to peers may be slower to close than desired.
Guidance DowngradeThe delta of the downgrade to the guidance is more significant than peers, and hence the shares are expected to underperform the sector and overall track lower.
Market DemandTate & Lyle states that it has observed a slowdown in market demand which has affected recent performance and hence is reducing the 1H25/26 outlook and FY25/26 guidance.