FTSE LIVE: Dunelm bucks trend for dismal retail news; Metro Bank’s chief executive to quit; All eyes on the pound again as climb continues
- Dunelm says it is on track to beat its annual profit forecasts
- Craig Donaldson, chief executive of embattled Metro Bank to quit
- All eyes on the pound after Wednesday’s bumper session
Dwindling sales, slumping profits, and axed dividends are the sort of phrases we have become accustomed to seeing when reading about retailers at the moment.
However, bucking the trend for dismal retail news, Dunelm says it now expects to beat it original profit forecasts for the year, amid the successful launch of its new digital platform.
Elsewhere in the City, embattled lender Metro Bank is losing another member of its top brass. Chief executive Craig Donaldson is leaving after a tough year in which the bank became embroiled in an accounting scandal and had 90 per cent wiped off its stock market value.
The pound’s movements will continue to be a hot topic today. This week, the pound reached a seven month high against the dollar and its highest level against the euro since May 2017.