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SuperGroup starts to recover

SuperGroup’s (SGP) share price fell 6 per cent on the back of its half-year results, despite the retailer's underlying pre-tax profits jumping 13 per cent on last year to £14.7m. The performance will have been helped by soft comparatives in the previous year, when the company was hit with a string of problems related to a new warehouse management system. However, management says it has dealt with these issues and chief executive Julian Dunkerton insists the business has stabilised, is improving infrastructure and better prepared than it was a year ago.

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