date:Jul 27, 2012
Clive Black, director, head of research at Shore Capital, described the performance outlined in the companys interim management statement as one step forward, one step back.
The company achieved lower year-on-year pre-tax profit in its SFI division, said Black. Once again there is a modicum of mellowness in the division that Tates wishes to drive and be renowned for in the future.
Volumes and revenues are ahead year-on-year, but the activities in the US fared better than in Europe and sales in