Tate & Lyle sweetens outlook

Ingredients maker Tate & Lyle says it now expects its full-year results to be “modestly” brighter than it had previously thought after a strong run at the end of 2016.

In a short trading statement on Thursday, the company said some of its its north American operations were “soft” but Europe, the Middle East and Africa produced “robust” volume growth. Profits were ahead of the same period in the previous year, it added, partly because of better margins on its Splenda sweetener.