Interim Statement23 Feb 2012 21:58
We continue to implement cost savings plans, with full year like-for-like cost savings projected to be in excess of £20.0m.
Net debt was £357.0m at 5 November having reduced from £386.7m at the start of the year. The Group has commenced discussions with its lenders in relation to a refinancing of its borrowing in Q1 2012.
With the continued cost savings and the improved advertising declines, we expect full year results for 2011 to be in line with current market expectations