It's chocs away with profit up at Thorntons
It was Forrest Gump's momma who said life was like a box of chocolates because you never know what you're gonna get, and that's certainly rung true for Thorntons investors over the past four years.
Shareholders were fed a series of unfortunate morsels as Thorntons issued gloomy profit warnings, at various points blaming the cold and hot weather alike for chocolaholics failing to pass its thresholds. But yesterday the chocolate-maker finally had sweeter news for investors, with a profit upgrade.
Thorntons, in the middle of a turnaround plan, said sales growth and careful cost management had raised profits above City expectations of £4.6m for this year. It shut 36 high street stores last year, and another 12 in the first half of 2013, taking it down to about 300 shops. It is also growing its online business. Shares, up 140 per cent so far this year, rose another 5p to 100p.
Olympic diver has made his modelling debut for Adidas
- 2 Scottish independence: Learn from Quebec's mistakes and beware of promises. Vote Yes.
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Revealed after 75 years of secrecy: 'Fifi' the glamorous WW2 special agent who tested British spies' resolve
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
Scottish independence: Final opinion polls show undecided voters could swing result either way
Isis release 'Flames of War' video warning Obama of attacks troops could face in Iraq
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Alan Henning: British Muslim leaders unite to urge Isis to release UK hostage
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£20000 - £25000 per annum + OTE £35,000 first year: SThree: The SThree group i...
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...