UK's Character Group sinks after withdrawing annual forecast

Character

11/04/2025 08:30

** Shares of toy company Character Group CCT.L down 11% at 230p

** CCT withdraws FY2025 market guidance, citing expected impact of U.S. tariffs on China in second-half

** Co says ability to forecast U.S. sales, accounting for 20% of Group turnover in 2024, considerably obscured

** CCT expects to be profitable in the current FY, and sees H1 results in line with prior year

** Up to Thursday's close, stock fell 6.20% so far this year

(Reporting by Simone Lobo in Bengaluru)

((Simone.Lobo@thomsonreuters.com; +919920570373))