Join our community of smart investors

Carpetright fraying

A fifth consecutive profit warning from Carpetright means we're sticking to our sell recommendation
October 26, 2011

According to the old stock market adage, profit warnings are supposed to come in threes, but Carpetright is rewriting the rulebook. The floor coverings and beds retailer has now warned five times this year, after a 3 per cent dive in like-for-like UK sales in its second quarter, and a total drop of 6.8 per cent as it closed 11 stores.

485p