Tate & Lyle warns of continued pressures

Tate & Lyle delivered double-digit profits growth for a third quarter in a row today, but warned a number of factors will impact its performance this year.

The sugar and starch group said adjusted pre-tax profits were £336m (€493m) in the year to March 31, up from £295m (€433m) a year earlier. The improvement came despite the “headwinds” of energy cost increases, the impact of EU sugar reform and adverse currency movements.