A statement on its website said trading in its three non-core businesses since it published its interim results on 10 September has been disappointing.
“As a consequence, profits for the group for 2007 will be somewhat below the board’s expectations,” the company said in a trading statement on 31 October.
“Whilst the group is early in the budget process for 2008, it has become apparent the outcome for that year is likely to be below the board’s previous expectations.
“As indicated in the group’s interim statement, the board is in the process of a restructuring programme which is being actively pursued. The board will update the market as appropriate.”
