Card Factory’s shares slump 20%
Card Factory's shares slumped more than 20% in early trading this morning after investors were spooked by warnings about cost pressures.
Its shares, which closed last night at 282p, dipped below 222p in the first hour in response to the retailer's Christmas trading update, wiping off around £200m from its market value. Shares closed at 225p; knocking £193m from its value by market closure.
The Wakefield-based group, which is listed on the FTSE 250, had emphasised that it had "traded well" during Christmas and like-for-like... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
