City File: Andrew Cohen

LOVE him or hate him, you have to admire the chutzpah of Andrew Cohen, chief executive of Betterware. His reaction to the bear raids that have hurt Betterware's share price is to bring forward the group's results to this Tuesday.

So, one must assume the figures will be good. The market is expecting a 20 per cent or so increase on half-year profits to pounds 7.5m on top of the 94 per cent hike in the most recent full-year figures.

Doubts persist about the basis for Betterware's European expansion. The shares rallied last week but, at 206p compared with a high of 278p in July, must be worth buying.

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