Card Factory Profits Drop, UK Retail Struggles
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Card Factorys shares plummeted by over 20% following a profit warning, attributed to a sluggish UK retail sector and consumer uncertainty due to pre-Budget discussions. The company now anticipates a 19% drop in annual pre-tax profits, but remains optimistic about its long-term strategy and international operations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
