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IN BRIEF: Pittards says Ethiopia operations unaffected by civil war

Fri, 12th Nov 2021 11:36

Pittards PLC - Yeovil, Somerset-based leather and leather goods producer - Says operations in Ethiopia have not been affected by the conflict there. Pittards has a footwear manufacturing plant in Ethiopia, and it said it is monitoring developments. However, at present, "the free flow of goods, activities, and people" have not been affected. Ethiopian Prime Minister Abiy Ahmed's government has been locked in a year-long war with the Tigray People's Liberation Front, which has pushed south in recent months and has not ruled out a possible march on the capital Addis Ababa. International envoys have been trying to head off another surge in fighting.

Current stock price: 54.20 pence, down 3.2% on Friday

Year-to-date change: up 15%

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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