Tuesday, 28 October 2008

Morse reiterates challenging trading

(By Anthony Miller) Morse’s succinct AGM statement (see here) confirmed its recent trading update (see A (salutary) tale of two resellers), reporting “solid progress” in a challenging trading environment. Executive chairman Kevin Loosemore believes the restructuring he instituted in July “will, over time, deliver benefits to shareholders”. We assume, piece by piece by piece.

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