Food ingredients manufacturer Tate & Lyle expects to exceed its targets for the full financial year, according to its latest financial update for the three months to December 31.
European sweetener demand and ingredients volume growth lifted Tate & Lyle’s interim results, offsetting weak US figures, according to the multi-national ingredients processor.
Tate & Lyle has delivered a solid first-half performance thanks to strong by-product returns, high-volume sucralose sales and performance-focused measures implemented under its new chief executive.
City analysts believe that Tate & Lyle could pursue growth via acquisitions, rather than in-house development, as they discussed the firm’s first quarter trading update yesterday.
