Mar 19, 2018

Carpetright and Mothercare shares dive on trading worries

Shares in Carpetright and Mothercare have plunged amid fears about the retailers' futures. Mothercare, which is in the midst of a store closure programme, fell 12%. It comes amid a wider High Street slowdown that has seen a host of big businesses shut stores or go bust. At the weekend, the Sunday Times reported that Carpetright could go down the route of a company voluntary arrangement, which would allow to it to shut loss-making stores and secure deep discounts on rental costs. Earlier in March, Mothercare revealed it was in talks with its banks as poor trading put it at risk of breaching the terms of its loans. "Laith Khalaf, senior analyst at Hargreaves Lansdown, said:"There's no public information specifically released about Mothercare today, but if you look across the market quite a lot of retailers are in the red.

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