Devro issues profit warning

Shares in sausage skin maker Devro slid 11 per cent yesterday after the company warned that it expected profits to be around £8m lower than expected due to lower volumes and costs related to investments in low-cost manufacturing technology. The group behind edible collagen casings for bratwurst, salami and chorizo, said sales are also expected to be £13m lower due the to the strong pound, lower demand in Europe and the EU pork meat import ban in Russia.