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.
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The share price fell 6.52% to 10.75p by 12:25.
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