STOCKWATCH Tate & Lyle up as FT reports co considering sale of sugar business (Sharewatch)

LONDON (Thomson Financial) - Shares in Tate & Lyle Plc. were higher midmorning after the Financial Times reported that the company is considering a sale of its sugar business and after Citigroup reiterated its 'hold' stance and raised its price target to 500 pence from 470 pence, market sources said.