Thorntons – 79.5p

24 April 2013 – trading update

Thornton’s third quarter trading update confirmed a strong performance with this period including the important trading periods of Valentine’s Day, Mother’s Day and Easter. This will lead to pre-exceptional profit before tax for the full year coming in substantially above market forecasts. The group are part way through the turn around strategy, which includes the streamlining of the store base and the developing of commercial and direct sales channels. The group has made good progress this year and there should be further to come. For this reason we are maintaining ourĀ BUY rating, for now.

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