Theo Fennell issues profit warning after 'disappointing' Christmas
Luxury jeweller Theo Fennell has reported a 'disappointing' Christmas trading period which it said was due to a challenging UK consumer market, an uncertain economic environment and a lack of footfall to the stores.
Luxury jeweller Theo Fennell has reported a 'disappointing' Christmas trading period which it said was due to a challenging UK consumer market, an uncertain economic environment and a lack of footfall to the stores.
As such, results for the year ended March 31st 2013 will be "materially below management expectations".
However, the company was keen to stress that its cost savings will help mitigate losses for the full year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price fell 6.52% to 10.75p by 12:25.
NR
-
Adidas, Nike or Jordans - could collectable trainers make you rich?
The right pair of trainers can fetch six figures. Here's how you can start collecting vintage Adidas, Nike or Jordans now
By Chris Carter Published
-
Early bird ISA investors flock to global funds, India and the US
There’s been an increase in investors maxing out their ISA at the start of the new tax year. But where are they putting their cash and why does it make sense to be an early bird investor?
By Vaishali Varu Published