Tate & Lyle sees its profits soar

SUGAR giant Tate & Lyle said it was concerned about the ongoing Eurozone crisis after it posted a 38 per cent jump in half-year profit as it saw little impact yet from the global economic downturn.

The London-based group posted a first-half pre-tax profit of £180m for the six months to end of September yesterday, ahead of the consensus forecast of £164m.

Chief executive Javed Ahmed said he expected a good performance for the full year but added a note of caution over the impact of the Eurozone.

The firm’s shares rose 5.2 per cent.