Manufacturer’s shares rise 35%
Shares in Tandem Group enjoyed their best day in five years, rising 35% on the back of an upbeat trading update.
The Birmingham-based manufacturer of sports equipment and toys has bounced back from the impact of the Toys R Us.
Although 2018 revenue was down 12% to £32.5m, it said pre-tax profit would be "only marginally behind" 2017, when it made £1.89m.
It was a positive update, given the 30% drop in revenues it had previously reported for the first six months of 2018.
Its shares closed at 155p last night, returning it ... 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...
