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News & Tips: Superdry, ShoeZone, Patisserie & more

Equities are showing signs of tentative recovery
October 15, 2018

After beginning the day in the red, London shares are now up marginally. Click here for The Trader Nicole Elliott's latest views on the markets. 

IC TIP UPDATES:

Superdry (SDRY) shares have lost roughly a fifth of their value this morning after a profit warning from the company. Management has blamed the recent heatwave, as well as “the well-publicised” challenges facing some of its trading partners for a potential £10m knock to full-year profits. The group says it is still pursuing an 18-month transformation programme aimed at reducing the company’s reliance on heavier weight product, and accelerating expansion into categories such as dresses, skirts and denim. We remain sellers.

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