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Tate & Lyle anticipates progress

By BFN News | 07:35 AM | Thursday 22 July, 2010


Tate & Lyle, the speciality foods group, state that they have made a solid start to the financial year and anticipate progress in the current full financial year. Demand at the Speciality Food Ingredients division has remained steady and solild growth is noted in sulacrose sales volumes. Bulk Ingredients were slightly ahead, Industrial starch slightly lower and margins for Ethanol are better. The book loss on the much-reported sale of the EU sugar refining operation is anticipated to be £55m. Net debt of £787m at 30 March 2010 has reduced from £814m at 31 March 2010. Story provided by StockMarketWire.com