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Photographic retailer Jessops has warned that trading has continued to deteriorate in the second half of its financial year. The group said that like-for-like sales have fallen by 5.7 per cent over the 41 weeks to 13 July, with an 11 per cent slump over the last three weeks. Jessops nonetheless continues to operate within banking covenants.
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Despite Chairman David Adams's efforts, a recovery still looks a long way off, and some may be beginning to wonder if it is possible at all. High enough at 5.51p.
Last IC view: High enough, 7.8p, 31 Dec 2007
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-IC-1.5.0d-prod - 07/10/2008 17:37:17 - FurseJ
