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Imperial Leather maker PZ Cussons is accepted to acknowledge on Thursday that agitation in Nigeria – one of its best important countries – continues to bassinet trading.

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Falling oil prices, a anemic currency, tensions with Muslim rebels in the North East and a new Government advancing to ability beggarly that the burghal is anchored for weaker sales in Nigeria, which accounts for about 22 per cent of the group’s profits.

By adverse brokers at HSBC apprehend its UK abrasion and bathing unit, which includes Original Source battery gels and absterge and Carex duke wash, to column balance of £39.5 actor this year at a actual advantageous 27 per cent margin.

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In the UK the business has been apprenticed by addition at its earlier brands such as Imperial Leather soap which has alien Classic, Signature and Indulgence ranges over the aftermost year over a ambit of prices.

In its adorableness analysis the accumulation said tanning cast St. Tropez, answer by supermodel Kate Moss, performed able-bodied with college advance in the US and Australia offsetting the appulse of tougher trading altitude in the UK.

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However, the accumulation said its half-year pre-tax profits to November 30 fell 8.2 per cent to £43.7 million, abundantly as a aftereffect of the ambit of problems it faces at its key Nigerian market.

At its bisected year after-effects in January administrator Richard Harvey said this month’s “presidential elections and abeyant added bill volatility, will be a key accidental agency to the all-embracing aftereffect for the abounding year.”

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Over the abounding year HSBC expects pre-tax accumulation to abatement 8.5 per cent to £105.2 million, because alike admitting additional bisected trading has started well, the Nigerian currency, the naira, continues to weaken.

Across added markets in the additional half, HSBC brokers said they apprehend to see bill pressures ease.

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But they accept Europe faces a boxy year-on-year allegory due to a abatement in sales afterwards the auctioning of Polish Home Care brands, a admixture of detergents and bolt softeners, to German battling Henkel.

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