Dulux £114m facelift

DULUX paint maker Akzo Nobel expects revenue for 2017 to rise 3pc to £ 12.9bn with profit of around £1.3bn.

The Dutch firm is restructuring after fighting off a £22.8bn takeover bid from US rival PPG last year, and said it will have spent about £114m on transforming the company, including separating its speciality chemicals division.

Akzo, due to publish full- year results on March 8, said its paints division did well in Asia but challenging conditions in the oil and gas industries affected its performance- coatings division. It has around 3,300 staff in the UK.