Investors carpet Victoria over strategy

Victoria's share price fell 60% from early May 2018 to February 18, 2019
Shares in floorcoverings group Victoria fell 15% yesterday, wiping off £80m from the company's market value as investors took a dim view of the company's decision to grow market share instead of profits. Its shares closed last night at a two-year low of 369p, 60% below its price last May. The reaction came despite Victoria providing “a considerable degree of granularity about the actions” it had taken with the aim of reassuring shareholders. The Kidderminster-based group is forecasting the current financial year, to Marc... For the full story register now for free or login below...
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