Tate & Lyle drags FTSE down

Tate & Lyle caused its shares to tumble today after it warned its sugar division would post a small first-half loss.

Tate & Lyle drags FTSE down
Fri, 28 Sep, 2007 - 12:22

Tate & Lyle caused its shares to tumble today after it warned its sugar division would post a small first-half loss.

The Silver Spoon maker dropped by more than 30%, or 170.5p to 387p, as analysts slashed their forecasts on the news that a weak US dollar and higher corn prices would also impact earnings.

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CourtsBusinessHeathrowPlace: UKPlace: IndiaOrganisation: Tate & LyleOrganisation: FTSEOrganisation: GfK NOPOrganisation: Northern RockOrganisation: Bank of EnglandOrganisation: HBOSOrganisation: BarclaysOrganisation: Vedanta ResourcesOrganisation: UBSOrganisation: Tullow OilOrganisation: British AirwaysOrganisation: JJB Sports
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