CHRISTIAN SALVESEN PREDICTS SHORTFALL
The British logistics group Christian Salvesen Plc said Friday it would fall short of earnings forecasts after a slump in its industrial business in the United Kingdom.
Salvesen’s chief executive, Edward Roderick, told Reuters that the Christmas-New Year period had been unusually slow. The company was expected to show a pre-tax profit of '40 million ($57 million). Roderick predicted that pre-tax profits would be down '6 million.
The logistics group transports food, consumer and industrial goods for retailers and carmakers.