Tate and Lyle gives FTSE sugar rush

Tate & Lyle, the world's biggest cane-sugar refiner, has risen 29.25p, or 5.5%, to 556p, as the company said it will benefit from a dilution in European Union proposals to cut sugar prices, with a lower-than-expected reduction in profit over the next five years. EU governments yesterday agreed to cut sugar prices by 36% instead of 39%. Rio Tinto Group, the third-largest mining company has also added 6p, or 0.25%, to 2,386p as both gold and copper prices climbed in Asia. Gold rose to $495.60 in Asian trading amid speculation the metal will reach $500 an ounce on rising demand from jewelle...