Akzo Nobel warns on profit as CFO steps down

Dulux owner Akzo Nobel has issued a profit warning and revealed that its finance boss has followed its former chief executive in stepping down from the business due to health reasons. The Dutch paints firm, which has spent much of the year resisting shareholder unrest over a failed takeover attempt by US rival PPG Industries, said full-year profits will be less than previously guided. As part of a new strategy unveiled in April as it rejected PPG’S approach, Akzo had said its profits for the year would be around €100m (£92m) ahead of 2016.