MARKET REPORT: Sweet smell of success for food flavours maker Treatt with strong trading update sending shares soaring
Shares in ingredients business Treatt surged after investors were treated to a strong trading update.
The manufacturer and supplier of flavour and fragrance ingredients said it expects pre-tax profit for the year to September 30 to be comfortably above expectations.
Treatt said there had been encouraging signs of success in China and North America and in key beverage sectors.
Treatt has also reached a final settlement in a dispute with the sellers of Earthoil Group, an essential oil business which it acquired back in 2007. There had been litigation concerning the earn-out of the business.... read more
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