MARKET REPORT: The most sincere sympathy of Card Factory as stocks plummet more than 10%

Investors punished Card Factory Then he wrote in his house with a warning about the profits.

Stocks plummeted more than 10 percent after it reduced its earnings forecasts to between £ 89 million and £ 91 million, compared to the previous £ 93.5 million.

The bosses attributed to extreme weather and difficult conditions on the High Street, but noted strong sales of Father's Day.

Investors punished Card Factory after he wrote at home with a warning about the benefits

Investors punished Card Factory after he wrote at home with a warning about the benefits

Investors punished Card Factory after he wrote at home with a warning about the benefits

However, that failed to lift the gloom on the negotiating floor, with investors erasing £ 73 million of the company's value. Retailers have taken a hit in recent months as a cold spell in the winter and a suffocating heat wave pushed shoppers away from the High Street.

Karen Hubbard, executive director of Card Factory, said: "We continue to experience a weak consumer environment." In its update to the market, Card Factory also revealed a 0.2 percent drop in similar sales during the six months to July 31.

The group's total sales growth slowed to 3.2 percent, compared to 6.1 percent the previous year. Getting Personal, their arm of personalized gifts, suffered a fall of 8.5 percent in sales, which blamed increasing competition.

Hubbard said the fourth quarter, which includes the Christmas holiday period, would be critical. It is on track to open some 50 stores this year. Shares fell 10.8per cent, or 22.7p, to 188.1p.

Capita, the outsourced company in the midst of a turnaround, performed better with a boost from Jefferies analysts, who upgraded it from "hold" to "buy" on the back of its promising software division.

Capita, the outsourced company in the midst of a turnaround, performed better with a boost from Jefferies analysts, who upgraded it from "hold" to "buy" on the back of its promising software division.

Capita, the outsourced company in the midst of a turnaround, performed better with a boost from Jefferies analysts, who upgraded it from "hold" to "buy" on the back of its promising software division.

The extreme weather was also blamed for a fall in profits at Savills. Chief Executive Jeremy Helsby said it was also due to the investments made by the firm, but he pointed to growing political and economic uncertainty as the UK continued its brief Brexit talks with EU negotiators.

The real estate services firm said earnings fell 18 percent to £ 26.7 million in the six months to June 30, with a 2 percent sales increase to £ 727.8 million.

That was despite the declines in the Asia Pacific region and North America. In the United Kingdom, the average value of London properties sold by Savills It rose 16 percent to £ 3.2 million.

STOCK CLOCK: Majestic Wine

Majestic Wine has announced a second dividend on account of 5.2p per share.

Take the total dividend paid by the company that is listed in London, which operates in the United Kingdom, EE. UU And Australia, at 7.2p per share for 2018.

The payment will be made on August 15, Majestic said.

It occurs after the company returned to normal in June, with a gain of £ 8.6 million after a loss of £ 1.5 million the previous year.

Shares in Majestic fell 1.5 percent, or 6.5p, yesterday to 415.5p.

But the company added: "The current political and economic uncertainty created by negotiations to leave the EU makes it difficult to predict market volumes for the rest of the year." Sent 4per cent shares, or 34.5p, lower to 829.5p.

Capita, the outsourcing company in the midst of a turnaround, performed better with a boost from Jefferies analysts, who upgraded it from "hold" to "buy" on the back of its promising software division.

Shares fell from a semi-annual update last week, when he said he discarded the dividend and cut his profit forecast for the entire year. But optimistic support helped raise them by 5.6 percent, or 7.2 points, to 135.5 pence.

While analysts were cautious about the future of UK outsourcing, reducing Capita's target price from 200p to 180p, they said the group's software arm could help it stand out thanks to its optimistic revenue and cash flow forecasts. box.

Fellow signs FTSE 250 Spire Healthcare Group They fell 7.4 percent, or 12.7 p, to 160 p due to concerns about their future prospects.

Manages 38 private hospitals and is dealing with lower referrals from the NHS. Spire has warned that his earnings this year are ready to take a hit.

The analysts of the German bank Berenberg added to their problems, issuing a note that lowered it from & # 39; buy & # 39; to & # 39; sell & # 39; They wrote: "The operations clearly have gotten noticeably worse."

Meanwhile, constant profits for the FTSE 100 this week they were abruptly arrested.

The drop in the index was partly due to the fact that several first-tier firms closed a store before paying dividends, with BT, Shell, Astrazeneca and Rio Tinto among them.

Investors were also shaken by rising global tensions, and the index fell 0.45 percent, or 34.88 points, to 7741.77.

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