Tate & Lyle stays positive as FD hunt begins

Tate & Lyle has said it expects first-half profits to be in line with earlier predictions despite tough market conditions and soaring energy costs in the UK and abroad. Tate & Lyle said that despite “[operating] in a very difficult market while surplus stock is absorbed against a backdrop of reducing institutional prices” it was confident “market equilibrium between supply and demand for EU sugar [would] be restored”.