Findel expects to hit trading targets

FINDEL, the North West home shopping and education supplies group, expects full-year figures to be in line with expectations.

In a trading update the London Stock Exchange- listed firm said its financial position had continued to improve.

Net debt is lower than the previous year, “notwithstanding continued investment in growth”.

The Hyde-based company will seek shareholder approval today for the sale of its healthcare division to private equity firm LDC for £24m.

Full-year figures for the 12 months to the end of March will be announced on June 5.

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