Superdry's profits are expected to have halved when it reports full-year figures on Wednesday, as a new management team pushes ahead with a turnaround plan for the brand.

Underlying profit before tax is expected to come in at about £44.7 million after the company issued a statement in May warning weaker wholesale and online sales as well as the costs of the new strategy would weigh on the bottom line.

It compares to a £97 million profit a year earlier, when the business recorded double-digit growth in both sales and profits.

The results will cover the one-year period to April 27, for the majority of which Superdry was under the management of previous chief executive Euan Sutherland and his team.

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Founder Julian Dunkerton took control of the company in a boardroom coup in early April as Mr Sutherland and his fellow executives resigned.

The head of German car giant BMW has said he will quit the business, the company revealed.

Harald Kruger, who has been with BMW for 27 years, will not seek a second term to his tenure at the top - a position he has held for four years.

Discussions over a replacement will take place at a board meeting on July 18.

Mr Kruger said: "The BMW Group has been my professional home for more than 27 years.

"After more than 10 years in the board of management, more than four of which as the CEO of the BMW Group, I would like to pursue new professional endeavours."

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Norbert Reithofer, chairman of the supervisory board, said he respected and understood the decision.

During his time as chief executive, Mr Kruger has grown the business in the US and China, with record sales in the region.

The chief of children's entertainment business Live Company Group has turned down his annual bonus, as he said the firm would exceed its event target for 2019.

Shares jumped after executive chairman David Ciclitira said the company would beat its initial plans to deliver 60 events in 2019 due to a strong pipeline of productions.

Live Company said it will be creating additional touring shows, such as PAW Patrol and Nick Jnr, putting it on track for 15 touring shows by the end of the year.

The group said it is trading in line with expectations and has already secured 67% of its revenue for the year.

Mr Ciclitara said he will forgo his bonus of 500,000 shares whether or not the business hits performance targets. Shares in the company were up 4.1% to 50.5p.