Body Shop confirms takeover talks

The Body Shop has confirmed it's in takeover talks after revealing a slide in interim profits.

Pre-tax profits before one-off costs fell to £3m, from £7.9m last time.

Turnover was up 5% to £167.1m.

The company says it expects its full-year pre-tax profits, before exceptional and restructuring costs, to be broadly in line with last year's results.