Findel bounces back

Findel bounces back

Shares in retailer Findel (FDL) jumped by a third on the day the retailer delivered first-half adjusted pre-tax profits that were up £10m to £11.9m, well ahead of analysts’ expectations. Part of that growth was down to the sale of delinquent debt and provisioning changes, according to analysts at N+1 Singer, but the broker admits better-than-expected underlying growth accounts for the remainder. 

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