Tate & Lyle: Sweeter than it looks?

Focusing on more profitable and higher growth businesses is the right thing to do. Its shares look materially undervalued against its peer group.

Photo courtesy of Tate & Lyle

Tate & Lyle shares have been a horrible long-term investment. Over the last decade they have returned just 39 per cent compared to the FTSE -All Share index which has more than doubled. The shares often look cheap but have disappointed bargain hunters time and again.

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