Augean says profits will stay too stable

Hazardous waste management company Augean yesterday warned that its 2012 results will be at the lower end of forecasts.

It said that the build-up of volumes of low-level waste from decommissioned nuclear power stations had been slower than it had expected. But the group, which is still looking for a new chief executive, said it expected to see growth this year.

The shares fell 2p to 31.5p.