Less Ads, More Data, More Tools Register for FREE

Mothercare first-half sales drop, raises going concern risk

Tue, 10th Dec 2019 08:32

Dec 10 (Reuters) - Mothercare Plc on Tuesday said
its auditors warned of "material uncertainty" over the
struggling British baby products retailer's ability to continue
as a going concern, while reporting lower half-year sales.

The mother and baby products retailer, whose UK operations
collapsed last month amid brutish retail conditions, said its
worldwide sales dropped 8.4% to 452.3 million pounds ($580.30
million) for the 28 weeks to Oct. 12.
($1 = 0.7794 pounds)
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard
Orr)
)

Related Shares

More News
10 May 2024 16:55

LONDON MARKET CLOSE: European stocks rally to record highs

(Alliance News) - Stock prices in London closed higher on Friday, spiking to another record high, with markets buoyed by US interest rate cut hopes.

10 May 2024 14:10

Mothercare shares tumble on weak annual trading and finance troubles

(Alliance News) - Mothercare PLC on Friday said it was pursuing refinancing options with its senior lender, following a tough financial year in which ...

10 May 2024 10:59

AIM WINNERS & LOSERS: Polarean wins deal; Genedrive completes placing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

10 May 2024 09:18

Mothercare shares slide as group enters refinancing negotiations

(Sharecast News) - Retailer Mothercare shares nosedived in early trading as the group revealed it had entered refinancing negotiations as demand for i...

29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.