Akzo Nobel issues profit warning

ReutersNewsPublished: September 8, 2017
Published: September 8, 2017

Akzo Nobel has issued a profit warning and announced a revamp that will include the chief financial officer stepping aside. As Francis Maguire reports, the Dutch paint maker blamed cost inflation and currency headwinds for not achieving the 100 million euro ($121 million) improvement in 2017 operating profit it promised when rejecting a recent takeover.

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