Sales at Hunter's Flower Business Wilt

The HeraldJuly 30, 2011

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Summary


FLYING Brands, the mail order flowers and gardening business in which Sir Tom Hunter's West Coast Capital has a 29% stake, yesterday posted a half-year loss amid a wilting sales performance and suspended its dividend.

The lacklustre trading, which will add to the retail woes of the Scottish millionaire entrepreneur, has also forced the Jersey-based company to re-schedule the final payment for its 2010 acquisition of Flowers Direct until next January.

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Extract


Sales at Hunter's Flower Business Wilt

Flying Brands, which said the poor trading performance was spread acros...

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