Sinclair CEO carries the can for second profit warning

A number of companies have used Britain's lousy summer as a reason - some would say excuse - for poor performance, but gardening products supplier William Sinclair has more justification than most.

A number of companies have used Britain's lousy summer as a reason - some would say excuse - for poor performance, but gardening products supplier William Sinclair has more justification than most.

The group has warned that full year profits will be below market expectations, sending the shares to a 52-week nadir, while the final dividend for the current year is set to be lower than last year's final divi of 4.4p. The board fully intends to re-instate its progressive dividend policy in future financial years.

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