Shorters Gazette4 Mar 2015 08:48
Actual Pensions are usually handled by other entities, Pension accrual is what the report refers to. Unfortunately, as is the norm for all firms in recent years. That was lucky for Thorntons as they have closed theirs, so no further accrual except for those lucky enough to have had it in their contract.
However much the shorters try to manipulate the results to their advantage, at this stage the loss can be seen as clearly a blip due to the logistic problems at two of their important outlets and their own wharehousing problem. Clearly the market consider that the two supermarkets will easily recover as their share prices have regained 50% or so. Furthermore, it can be taken that, as Thorntons had a good Xmas, their own wharehousing problem must be able to be overcome.
Up to the above problems, Thorntons made excellent profit in that previous twelve months. And as said Thorntons enjoyed good Xmas. Therefore, it is logical to consider that Thorntons can look forward to similar sales for Mothers Day to some effect and more especially Easter period coming up. Why cant those blatant shorters find something useful to do instead of always pulling down.