Deals
Yule Catto Declines on Concern About Higher Raw-Material Costs
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Yule Catto & Co., the British chemical maker that’s purchasing a rival for $600 million, declined the most in almost four months in London trading on concern that rising raw-material costs will squeeze margins.
The maker of latex, polymers and drug ingredients slid as much as 8.2 percent, the most since Nov. 17, to 209 pence as investors focused on the ballooning cost of oil derivates. Full-year pretax profit and sales announced today surpassed analyst estimates.