Tate & Lyle quarterly news doesn’t sweeten investment case

Shares in FTSE 250 ingredients supplier Tate & Lyle (LON:TATE) have dropped by 2.75% to 779.20p (as of 13:05 GMT) after it published an update for the quarter ended 31st December. Management retained the existing full year guidance and said that performance in all major categories was above the comparative period.

Sales growth for the food & beverage arm slowed in Asia and Latin America, but remained strong in all other regions.