Thorntons issues profit warning

Chocolatier Thorntons has warned its full year profits will miss expectations as consumers continue to cut back and it battles high levels of promotional activity on the high street.

Chocolatier Thorntons has warned its full year profits will miss expectations as consumers continue to cut back and it battles high levels of promotional activity on the high street.

The firm now believes that profit before taxation, exceptionals, impairment and "onerous lease charges" would break even for the year to the end of June 2012.

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