Clinton Posts Gloomy Message

Daily PostOctober 17, 2008

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Summary


SHARES in Clinton Cards fell steeply yesterday after the retailer reported a slowdown in sales and cut its full-year dividend payout.

The stock was down 27% as the company reported a 5.2% drop in like-for-like sales at its Clinton business for the nine weeks to October 5, while its loss-making Birthdays operation posted a 2.5% fall.

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Extract


Clinton Posts Gloomy Message

The greetings cards retailer also unveiled pre-tax...

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