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Tate tumbles as UK stock market retreats

2015-02-06 15:35:24| Food - Topix.net

Tate & Lyle lost around a tenth of its stock market value after warning that annual profits would be below the range it forecast back in September, due to a weak performance from its sweeteners business. "Tate shares are being dumped by disappointed investors, with management finding no way of sugar-coating a third profit warning in a year," said Accendo Markets' head of research Mike van Dulken.

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