Sharewatch - week ending 10 November 2017

News - Publishing Monday, 13 November 2017

Quarto's shares fell 16% last week after the illustrated publisher issued a trading statement warning that annual profits would be 'significantly lower than board expectations'


At close of trading on Friday, Quarto's share price stood at 121.50p. In January this year, the shares hit 323p.

Marcus Leaver, chairman, commented last week: "The resilience of the total business is reflected in a strong H2 trading performance which will more than recover the H1 loss, although not enough to claw back to earlier board expectations for the full year.

"Whilst we have successfully transformed the business in the last few years, the competing pressures of servicing our debt, paying dividends, and investing in the core business currently inhibit our ability to grow.

"We are focusing on building the enhanced operational agility we need within our business to operate in an ever-changing market environment and the global markets in which we sell our intellectual property."

Up last week: Bloomsbury, Connect Group, Informa

Down last week: Pearson, Quarto, RELX, WH Smith

Level last week: Haynes

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