Shoe Zone, Cake Box, Fulham Shore, Games Workshop: Morning Roundup

Below are some of the top stories from London Listed Stocks on Wednesday…

Shoe Zone

  • Shoe Zone reported its trading update on Wednesday.
  • The company stated it continues to exceed expectations due to strong demand for summer and back-to-school products throughout August.
  • As a result, Shoe Zone expects adjusted profit before tax for the year to be not less than £10.5 million.
  • Shares of Shoe Zone Surged 11.88%.

Cake Box Holdings

  • Cake Box has announced an update on its current trading and outlook.
  • The company has stated the trading environment has become significantly more challenging, and inflationary cost pressures have increased above anticipated levels.
  • In addition, the group has seen weaker than expected sales, with like-for-like sales declining 2.8%.
  • Finally, Cake Box expects full-year profitability to be significantly below current market forecasts.
  • Its shares plummeted 44.75%.

Fulham Shore

  • The Fulham Shore issued the following statement on its trading update.
  • Despite the turmoil in the UK economy, group trading has been resilient and in line with management expectations.
  • All new restaurant openings are being received well and are performing in line with expectations.

Games Workshop

  • Games Workshop announced a change in directorship.
  • Elaine O’Donnel, chair of Games Workshop, has become an independent non-executive of The Gym Group with effect from 30 August 2022.
  • The stock has fallen 29% in 2022 and declined a further 2.3% on Wednesday.

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