Thorntons – 71.375p

3 April 2013 – trading update

The company has confirmed satisfactory trading over Easter, which combined with Valentine’s Day and Mother’s Day, when trading was also described as satisfactory, means that the company now believes profit for the current year will be ahead of expectations.  Pre-exceptional profit before tax is currently forecast to be £3.1m.  Further detail will come when Thorntons releases an interim management statement on 24 April and the company remains mindful of unfavourable economic conditions but for now we maintain our BUY rating.

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