Tate & Lyle warning over sugar-price cuts

Tate & Lyle warned today that EU proposals to cut guaranteed prices for sugar producers would wipe £85m (€128.3m) off its profits in 2009.

Tate & Lyle warning over sugar-price cuts
Thu, 23 Jun, 2005 - 14:50

Tate & Lyle warned today that EU proposals to cut guaranteed prices for sugar producers would wipe £85m (€128.3m) off its profits in 2009.

The group branded the sugar reform “seriously inequitable” and refused to rule out factory closures and job cuts if the EU does not rethink the plans.

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CourtsBusinessSugarPlace: BelgiumPlace: LondonPlace: Eastern EuropeanPlace: RomaniaPlace: SlovakiaPlace: BulgariaPlace: PortugalPerson: TatePerson: Chief ExecutivePerson: Iain FergusonPerson: FergusonOrganisation: Tate & LyleOrganisation: EUOrganisation: European CommissionOrganisation: TateOrganisation: Associated British FoodsOrganisation: British SugarOrganisation: LyleOrganisation: European Food & Industrial
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