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Tate & Lyle shares take A 400m hit after profit warning

2015-02-10 07:51:47| Food - Topix.net

Lower prices for Chinese sucralose led to a big drop in Tate & Lyle's profits - and the first of three profit warnings - a year ago Nearly A 400m was wiped from Tate & Lyle's stock value on Friday after it issued its third profit warning in a year. The company said it expected profits to be modestly below the A 230m-A 245m range it predicted in September - itself a downward revision of an earlier full year profit forecast of A 322m .

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