UK sugar and sweetener group Tate & Lyle said today [Thursday] that underlying trading in the three quarters to 31 December last year was in line with forecasts and “significantly” in advance of the same period of the previous financial period.

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Tate & Lyle has been selling off its US sugar arm Domino Sugar, to focus on sweeteners and starches. The last two years have been turbulent, punctuated by a series of profit warnings. The group says the outlook for the second half of its financial year to 31 March is positive.

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