Shares digital

Last week we warned that ScS Upholstery (SUY) would have to ‘trim its payout’ (Shares 10 January). This week the group has confirmed it will in fact skip paying a dividend completely.

It’s not surprising as trading is dire, with like-for-like orders over the first three weeks of its sale down by 16%. The group does not anticipate ‘any significant improvement’. Refurb and expansion plans have been decimated and interims, due in April, will be lousy.

Shares says: The prospects are amongst the gloomiest in the sector. JM

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