Manufacturer’s share price plummets 25%
Portmeirion's share price crashed 25% yesterday after the pottery manufacturer revealed it expected its decade-long run of rising results will end.
The Stoke-on-Trent group, which makes and sells brands including Wax Lyrical and Royal Worcester, said pre-tax profits for 2019 "will be significantly below market expectations".
Group sales for the first four months of the year are down 10% against the same period last year. Although it expects to narrow the gap in the rest of the year, it is unlikely to extend its 10-year run of re... 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...