UK's McColl's hits record low after FY profit warning

MccollS Retail

28/02/2022 09:13

** Shares of the British convenience retailer  MCLSM.L 
slump as much as 64% to a record low of 2.5p
    ** Stock set to post its worst day since IPO in February
2014, if losses hold 
    ** McColl's looking at new funding options after unnamed
party withdrew takeover approach 
    ** Also warns FY22 profit to be "slightly" behind current
market expectations  urn:newsml:reuters.com:*:nL4N2V32HA     
    ** Business saw material step-down in footfall due to a
surge in COVID-19 cases relating to Omicron, particularly over
Christmas period, impacting trading - co 
    ** Confirms 2021 results in line with previous outlook 
    ** McColl's stock down ~54% in 2021 


 (Reporting by Amna Karimi in Bengaluru)
 ((amna.karimi@thomsonreuters.com))