FTSE edges upwards

More than £500m (€762m) was wiped from the value of Tate & Lyle after the sugar and sweetener group delivered a surprise profits warning today.

FTSE edges upwards
Tue, 23 Jan, 2007 - 17:45

More than £500m (€762m) was wiped from the value of Tate & Lyle after the sugar and sweetener group delivered a surprise profits warning today.

Shares soured 16% but the overall market stood firm as the FTSE 100 Index closed 9.2 points higher at 6227.6.

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CourtsBusinessHeathrowPlace: USPlace: SABmillerPerson: WHPerson: SmithOrganisation: FTSEOrganisation: Tate & LyleOrganisation: Competition CommissionOrganisation: TescoOrganisation: SainsburyOrganisation: MorrisonsOrganisation: TateOrganisation: LyleOrganisation: UnileverOrganisation: British SugarOrganisation: Associated British FoodsOrganisation: Cadbury SchweppesOrganisation: Rio TintoOrganisation: Marks & SpencerOrganisation: LogicaCMGOrganisation: British AirwaysOrganisation: Royal & Sun AllianceOrganisation: US courtOrganisation: General MotorsOrganisation: Vedanta ResourcesOrganisation: Smith & NephewOrganisation: BHP BillitonOrganisation: Drax Group
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