Shares at Card Factory drop to all-time low
Shares at Wakefield-headquartered Card Factory dropped to its lowest yesterday after the stock market-listed firm issued a profit warning.
The firm blamed a weak consumer environment and extreme weather conditions earlier in the year which saw like-for-like sales down 0.2% although total group sales growth of 3.2% in the first half of its financial year.
Its share price fell 10% yesterday to 188p, its lowest close since the retailer floated in 2014. It is a long way from its 2015 peak when it touched 400p, while it traded arou... For the full story register now for free or login below...