Tate & Lyle’s growth slows
TATE & LYLE said it was on track to deliver a “good performance” for the full year to March, with operating profits in line with expectations despite experiencing slower growth in the third quarter.
Shares fell more than three per cent yesterday, making it one of the worst performers in the FTSE 100, after the maker of Slenda sweetener said the rate of volume growth at its speciality food ingredients division was slower than in the first half.
Its small food system division also disappointed. Shares closed down 22.5p at 672.5p.