Warpaint London says pre-Christmas slump has dented profits

Owner of W7 makeup brand now expects annual profits to be between £8.5m and £10mThe owner of the W7 makeup brand has blamed a slump in Christmas orders from British retailers for a profit warning that has wiped more than 40% off the value of the company.Warpaint London, which listed on the junior stock market two years ago, supplies high street chains including Primark, Boots and Superdrug with its low-priced lipstick, eyeshadow and nail polish, as well as cosmetics gift sets. Contin