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Food & drink

Tate & Lyle keeps guidance unchanged

Earnings per share growth is expected to be flat to low-single digit as quarterly performance was in line with estimates

Tate & Lyle PLC (LON:TATE) has kept full-year guidance unchanged ahead of the end of the year.

The food ingredients manufacturer said it continues to expect earnings per share growth to be in a range of flat to low-single digit.

READ: Tate & Lyle still not sweet enough for Jefferies

Performance for the three months ended 31 December was “consistent” with the first half and in line with expectations.

Its three divisions, food & beverage solutions, sucralose and primary products all performed better than the same period a year before.

Shares were flat at 798.3p on Thursday morning.

--Adds shares--