UPDATE 4-Akzo Nobel sees stabilisation as Q2 tops forecasts

Newswire

* Q2 EBIT 370 million euros, beats estimates * Says stabilising trend continued in second-quarter * Says cost savings "beginning to bear fruit" * Maintains medium-term EBITDA margin target * Shares up 10.6 pct (Adds comments by CFO; updates shares) By Aaron Gray-Block AMSTERDAM, July 29 (Reuters) - Dutch chemical group Akzo Nobel NV said signs that markets might be stabilising continued in the second quarter as it reported a smaller-than-expected fall in quarterly profit after ...

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