Tate & Lyle announced today (15 February) that profit before tax for the four months to end of January was marginally ahead of expectations.

Tate, which issued three profit warnings during 2007, reiterated that the second half results would be broadly similar to that of the first half, thanks to a recovery in its Americas ingredients operations.

Its first half, pretax profit from continuing operations was £117m.

"The Food & Industrial Ingredients, Americas division continues to perform well and was somewhat ahead of our expectations with further strong performances from both value added food ingredients and commodity products," said a statement from Tate.