Despite a 50 per cent surge in the share price over the course of 2017 so far, Carpetright (CPR) was thrown off track this morning on news of a disappointing fourth quarter. A better than expected third-quarter period galvanised the shares at the start of February, but it seems full-year numbers will be at the lower end of market expectations. This is due to a tougher trading climate in the UK, although the group's European business continues to benefit from improving economic confidence and a foreign exchange rate tailwind.
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