Financial Times FT.com

Tate & Lyle hurt by rumours of hedge fund share sale

By Bryce Elder and Neil Hume

Published: January 6 2009 02:00 | Last updated: January 6 2009 02:00

The London market's new year bounce continued into a fifth session, but Tate & Lyle missed the trend.

Tate lost 8.5 per cent to 386¼p amid speculation that Harbinger, its second-biggest shareholder, might have to sell to meet redemptions.

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