Character Company Research (CCT)

First half results were excellent given the continued weakness in consumer confidence and the challenging macroeconomic backdrop and is a tribute to the strength of the Group’s product portfolio and management team in successfully navigating these external events. We withdrew forecasts in April as a result of the tariff increases on imports from China into the US and until there is more clarity on the situation our forecasts will remain suspended. Nevertheless, we take significant comfort from the strong financial position of the Group which leaves it well placed to react swiftly as and when the current uncertainty ends.