UK's Tate & Lyle to hike prices of some products in N.America [Reuters]
TATE & LYLE PLC S/ADR (TATYY)
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Source: Reuters
UK's Tate & Lyle to hike prices of some products in N.America Sept 6 (Reuters) - British food ingredients maker Tate & Lyle Plc said here The company, which traces its roots back to a sugar business in 1859, said it would raise the prices of its specialty food starches, fibres, specialty and high intensity sweeteners among others by 12%. Tate & Lyle in May forecast broadly flat to low-single digit growth in earnings per share for 2020, with progress limited by lower profit from sucralose products and market challenges in primary products consisting of high-volume sweeteners, industrial starches and fermentation products. Reporting by Indranil Sarkar in Bengaluru; Editing by ArunKoyyur Our Standards: The Thomson Reuters Trust Principles.
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