Essentra, previously known as Filtrona, last week stunned investors by revealing sales this year would be flat on 2015, while profits would undershoot City forecasts. Shares plunged 29%, to leave the FTSE 250 company worth £1.5bn. Essentra stunned investors last week by revealing sales in 2016 would be flat AlamyCigarette filter maker Essentra is preparing to part company with its boss Colin Day as it reels from a profit warning that wiped more than a quarter from its market value. Day, who became chief executive in April 2011, is understood to have been planning to quit before the sales shortfall was uncovered and is likely to leave within the next 12 months.

Source: The Times June 11, 2016 23:00 UTC