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... For the full story register now for free or login below...