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He cited weaker prices and uncompetitive operating margins.
It had been struggling to contain inflation until weaker prices for its imports, most notably oil, provided a boost.
The UK is a net oil importer, so weaker prices for the black gold should improve the UK's trade balance".
"With either one, we would have seen somewhat weaker prices; with both the market is really having to adjust".
But they now consistently show slightly weaker prices, along with a nose dive in transactions as buyers wait for further price declines.
C1 Intel Misses Earnings Target Intel said slower sales of desktop computers and weaker prices led it to miss its revenue target for the fourth quarter.
Similar(40)
He said: "Following a strong first half of Q3, we noted weaker pricing and bookings immediately after the terrorist events in Paris and Brussels.
J.P. Morgan maintained an "underweight" rating on Micron last Monday and lowered earnings estimates on weaker pricing.
The lower prices, however, are likely to improve sales of crop nutrients since farmers need to replenish inventories, but the weaker pricing will temper earnings growth.
But given weak prices and demand, it is "commercial idiocy", says Mr Krutikhin.
That's weak prices plural: in commodities as well as in Glasenberg's stake.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com