Mulberry loss

MULBERRY, the AIM-listed luxury goods group, lost pounds 1m pre-tax in the year to the end of March 1998. The pound's strength cut profits by pounds 2.2m; the shares firmed 0.5p to 44p.

Roger Saul, chairman and chief executive, said: "Being a manufacturer and an exporter we were one of the first to hit the sterling crisis. Now we have taken our medicine and I think we have turned the corner."