'And' brands drop FTSE to 4,900 points

Sugar-cane refiner, Lyle & Tate, leads the drop on the benchmark, retreating 22p or 4% to 527.5p. The firm announced yesterday that demand for its Splenda sweetener since January outweighed lower profitability in its European sugar business, retaining performance in line with its forecasts. Scottish & Newcastle and Legal & General dropped 17.5p to 461.5p and 3.5p to 113.25p respectively, after both firms announced new investors would not have the right to most recent payouts. UK pub landlord, Enterprise Inns meanwhile, added 22.5p to 768p. The company said fiscal first-half earnings wou...