Tate & Lyle said it remains on track to deliver progress in adjusted profit before tax for the year ending 31 March 2018, in line with guidance. In the three months ended 31 December 2017, it saw volume momentum in its Speciality Food Ingredients and Bulk Ingredients divisions. In Speciality Food Ingredients, the core business delivered good volume growth, including a continuation of modest volume growth in North America. In Food Systems, profit improved although volume was lower. SPLENDA Sucralose performed as anticipated with profit in line with the comparative period. In Bulk Ingredients, sweetener volume in North America grew and profit growth is currently expected to be robust for the financial year ending 31 March 2018. The 2018 calendar year bulk sweetener pricing round is now substantially complete with margins broadly in line with the previous year.
-0.80p (-0.14%)delayed 15:35PM