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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Nvidia's earnings live: stock gains as investors brace for key results
Nvidia's stock opened strongly ahead of its earnings, as analysts question whether Blackwell sales can make up for lost China revenue
-
8 of the best lakeside properties for sale
The best lakeside properties – from a house on the southeastern shore of Loch Lomond, to a 15th-century hall overlooking a lake in King’s Lynn, Norfolk