Sugar producer Tongaat to delist from LSE

South African sugar producer Tongaat Hulett will delist its shares from the LSE to cut costs and streamline its shareholding structure amid low trading volumes in the London-listed stock, the company said on Friday.

Tongaat, which said in April it would restate financial information after a formal review revealed certain accounting practices that needed to be re-examined, voluntarily suspended trading in its shares in Johannesburg and London in June.