AZ Electronic says sales are tough
Chemicals producer AZ Electronic Materials said it expects sales to be tough this year after a three per cent fall in 2013 revenues to $730.3m (£436.8m), excluding currency movements. Profits before tax at the firm fell 13 per cent to $102.4m. Drugs giant Merck has given investors until the end of the month to accept its £1.6bn offer to take over AZ.