Mothercare says it is beginning to see signs of a turnaround, as like-for-like sales grew and margins were flat after five years of decline.
Shares in the babycare retailer rose by 6.6% to £18.47 as it announced that like-for-like sales in the UK grew by 1.5% in the 28 weeks to October 11.
Underlying profit before tax rose to £3.3m, after UK business losses of £13.5m – down 9.4% on the previous year – brought down international profits of £25.3m.
Financial Times, 21
