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| Sir John Harvey-Jones dies at 83 | |
| (10 minutes later) | |
| Former chairman of ICI, Sir John Harvey-Jones has died, it has been announced. | Former chairman of ICI, Sir John Harvey-Jones has died, it has been announced. |
| The 83-year-old died peacefully in his sleep following a long illness, his agent said. | The 83-year-old died peacefully in his sleep following a long illness, his agent said. |
| Sir John became well known for his BBC show Troubleshooter in which he helped struggling businesses. | Sir John became well known for his BBC show Troubleshooter in which he helped struggling businesses. |
| During his five years as chairman of ICI, he transformed the company from one making losses to one making a profit of more than £1bn. | |
| The chemicals firm was struggling when Sir John joined as chairman, prompting him to embark on a significant restructuring scheme. | |
| By the time he left the post, profits had increased three-fold. | By the time he left the post, profits had increased three-fold. |
| One of his strategies had been to focus on a limited number of businesses, by selling off some of its non-core operations. | One of his strategies had been to focus on a limited number of businesses, by selling off some of its non-core operations. |
| Since then, however, ICI's outlook has changed significantly. | Since then, however, ICI's outlook has changed significantly. |
| At the start of this year, Holland's Akzo Nobel announced the completion of its £8bn ($15.6bn) takeover of the Dulux paint maker. |