STOCK WATCH

TREATT shares tanked after the ingredients group reported a disappointing set of half-year results.

Pre-tax profits for the six months to the end of March dropped to £6.3m from £10.4m in the same period last year despite revenue rising 9pc to a record £66.3m.

Profit margins had been hit by the lingering effects of Covid-19, although it still expected to meet market expectations for the full year after record orders. Shares tumbled 17pc, or 171p, to 833p.