Tate & Lyle has reported an 11 per cent drop in pre-tax profits
to £244m (c €307.3m) for full year 2008, a result of troubles in
international sugar trading and inclement exchange rates.
The UK's food and farming minister has revealed how almost £500
million of additional support for sugar reform will be incorporated
within the Single Payment Scheme (SPS) over the next seven years.
Imminent reforms to the EU sugar regime could slice millions off
the sugar profits for Associated British Foods (ABF), the owner of
British Sugar, and Danisco.
