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.

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.