Dealers registered with interest a late trade in 8.9 million shares equivalent to a 1.85 per cent stake at 255p, about 13 per cent above the price at which T&L opened. The deal, which pushed the shares up 11p to 237p, is understood to have been handled by Schroder Salomon Smith Barney, but the identity of the buyer remained a mystery. Some dealers cited CIP, the Luxembourg bank which already holds 10 per cent, having picked up 5 per cent last year for its residual holding in Amylum, the starch producer. Archer Daniels Midland, T&Ls US rival and a 5.7 per cent shareholder, was also mooted. The FTSE 250 fell 11.1 points at 6,418.0.