Source - SMW
MBL Group said its shares will resume trading after it appointed a new director, though it also provided a disappointing business update. 

Anton Lane has been appointed as a non-executive director with immediate effect.

In its garden and home division, the company said that expected growth in turnover has not materialised in the first six months of the year and is currently behind the prior year numbers.

The home entertainment business, meanwhile, has struggled to replicate last year's performance and is materially behind where it was this time last year both in terms of profit and turnover. 

MBL also said it also expects to incur exceptional costs, which, combined with the poor trading performance, have led it to report a loss for the year to date.  


At 8:30am: (LON:MUBL) MBL Group PLC share price was -2.25p at 11.25p



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