Shareholders angered by Tate & Lyle boss following third profit warning

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The Independent Online

A boardroom shake-up is likely to be demanded this week by lead investors in the embattled sugar group, Tate & Lyle, following the company's third profits warning in a year.

Top of the disgruntled shareholders' hit list is likely to be the company's chief executive, Iain Ferguson, who angered analysts on Friday by avoiding City questioning over the warning. Shares in the group dived by more than a quarter, wiping a total of £1bn off the group's value since January.