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 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%.

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 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.