Tate & Lyle sees full year in line with expectations

Tate & Lyle said trading for the fourth quarter to 31 March 2016 was in line with both expectations and the outlook included in its February trading statement.

The group will announce its full year results on 26 May.

In February, Tate said third quarter trading in its specialty food ingredients division as steady, with volumes ahead of the same period a year earlier.

"Strong volume growth in Europe and Asia Pacific more than offset softer demand in North America and Latin America," the company confirmed at the time.

In the food systems division, Tate said volume continued to grow in the quarter, benefiting from the acquisition of Gemacom in December 2014, although margins fell as a result of a sharp increase in the cost of some ingredients.