27th Jul 2007 07:02
Beale PLC27 July 2007 TRADING STATEMENT 27 July 2007 The Board of Beale PLC recently announced a commercial agreement for the earlysurrender of the lease of the Ealing Store, which has been loss making. Thefixed asset write off and associated closure costs will exceed the cashconsideration received. Whilst closure of the Ealing store will benefit the group in the medium term,closure costs and continued disappointing trading mean that the existing marketforecasts will not be met in the current year. For further information: Beale PLC Tavistock Communications Blue Oar Securities PLCAllan Allkins, Chief Executive Lulu Bridges Mike CoeKen Owst, Finance Director Polly Hutchinson Tel: 0117 933 0020Tel: 01202 552022 Tel: 020 7920 3150 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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