Kerrison quits troubled Hickson

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Dennis Kerrison has quit as chief executive of Hickson International, the Yorkshire chemicals group whose profits tumbled after last year's decision by Unilever to cancel the contract for the detergent additive alleged to rot clothing. Hickson yesterday issued a profits warning and announced the omission of the final dividend and Mr Kerrison's departure. Mr Kerrison could be in line for compensation of up to pounds 360,000 but chairman James Hann cautioned yesterday that the details were still being negotiated.

Investment column, page 22