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Sweetener competition sees Tate & Lyle issue second profit warning

2014-09-24 23:16:12| Food - Topix.net

Shares in Tate & Lyle fell by 17% as the food ingredients firm issued its second profits warning this year, blaming fierce competition in the sweetener market and supply problems in the US caused by a harsh winter. Ahead of the publication of its half-year results in November, the British-based group said it has had to slash prices for its sucralose sweetener to counter fierce competition from the Chinese market.

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