 Whittard says trading is tough |
UK tea and coffee retailer Whittard of Chelsea has reported falling sales and said it is cautious about prospects for its full-year profits. It said like-for-like sales for the 20 weeks to 16 October were down by 3.9% in a "very tough" retail climate.
Chairman Richard Rose said it was difficult to forecast what sentiment would be over the Christmas period.
"I must therefore remain cautious about the outcome for the current year," Mr Rose added.
In July this year, shares in Whittard had soared by 30% after it said it had received approaches about a possible takeover bid.
However, it later said that interest had "waned" following the bombings in London, and on 1 September it said it was no longer in talks with possible suitors.
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