London’s blue-chip index climbed back above the 7,300 mark on Wednesday as rising oil prices helped to push up commodity stocks.
Retailer Dunelm has blamed management upheaval, a hit from a recent acquisition and difficult trading conditions for its second year in a row of falling profits.
Dunlem’s shares were hit in morning trading after the retailer said its full-year profits had fallen.
Homewares retailer Dunelm has warned that customers will face further price hikes as it battles to maintain profit margins in the face of the Brexit-induced collapse in the value of the pound.
Two well-known store chains have announced multi-million pound acquisitions of retail rivals.
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