Food/Tate & Lyle profits rise

The sweeteners and starches – but no longer sugars – maker Tate & Lyle topped City forecasts yesterday with a 4 per cent rise in annual profits to £329m.

"Despite having entered the year facing a number of headwinds we have made progress," Tate & Lyle's chief executive, Javed Ahmed, said.

"Looking ahead, we will continue to build on the foundations we have laid and expect to deliver another year of profitable growth," Mr Ahmed added.