We update our forecasts for the ECS North America restructuring and the weakness in AEP as reported last week. This had led to EPS downgrades of 17% and 19% in FY16 and FY17 respectively. Uncertainty remains high in most of the Group’s end markets, and we currently forecast little improvement in FY17 despite the restructuring. We retain our dividend forecast at 6.0p for now, but acknowledge that, with a net debt/EBITDA forecast of 2.6x at the end of FY16, this may prove to be optimistic. We redu ....