BBC News
watch One-Minute World News
Last Updated: Thursday, 1 November 2007, 09:26 GMT
ICI predicts strong annual profit
Dulux paint

ICI, which is in the process of being taken over by Akzo Nobel, has predicted better-than-expected full-year results after reporting quarterly figures.

The company, which makes Dulux paint, saw its pre-tax profits for the three months to the end of September rise by 18% to 177m ($368m).

ICI agreed in August to be bought by its Dutch rival Akzo Nobel for 8bn.

Akzo Nobel, which makes Crown paint, says it expects to complete the transaction in January.

ICI said that its results for the year to the end of December were now set to be better than earlier forecasts, despite difficult market conditions in North America.

It said trading in Asia and Latin America was buoyant and it expected to make further efficiency savings.

SEE ALSO
ICI agrees to be bought by Akzo
13 Aug 07 |  Business
ICI opens books as Akzo ups bid
06 Aug 07 |  Business
Dutch group 'to raise ICI offer'
05 Aug 07 |  Business
Bid target ICI sees profits rise
02 Aug 07 |  Business
ICI snubs second offer from Akzo
30 Jul 07 |  Business
Akzo Nobel gets ICI bid deadline
06 Jul 07 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific