""low single digit per cent.""
""While the level of customer engagement is high, we have seen a slowdown in market demand, particularly in the last two months, which in turn has slowed our recent performance.""
""Against this challenging backdrop, we are accelerating a series of steps to drive delivery of top-line growth.""
Tate & Lyle forecasts full-year revenues and underlying earnings for the year to 31 March to fall by a low single-digit percentage. Shares in the FTSE 250 company dropped more than 10% on Wednesday morning. The company reported high levels of customer engagement alongside a slowdown in market demand, particularly during the last two months, which has slowed recent performance. The slowdown has affected the sweetener and ingredients business and prompted a profit alert covering sales and earnings. The company is accelerating a series of steps intended to drive top-line growth amid the challenging market backdrop.
Read at London Business News | Londonlovesbusiness.com
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