Tate & Lyle to beat profit expectations as consumers cook at

Tate & Lyle to beat profit expectations as consumers cook at home during lockdown


Tate & Lyle to beat profit expectations as consumers cook at home during lockdown
Sweetener manufacturer Tate & Lyle is set to beat profit expectations due to strong demand as more people cooked at home during lockdown.
The firm, which sold its eponymous sugar brand in 2010, said its food and beverage solutions division recorded sales growth of eight per cent due to higher volumes, good prices and the success of new products.
In Europe revenue was “marginally higher” than the comparative period, “reflecting solid demand for in-home consumption.
Sucralose revenue fell three per cent as demand was weakened by fewer people eating outside of the home.

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