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10 Oct 2019 | 08:48

John Lewis of Hungerford lifts guidance on stronger H2

Homewares retailer John Lewis of Hungerford lifted its guidance thanks to better-than-expected performance in the second half of the year.

The company said it now expected to report a loss in the range of £220,000 to £240,000 for the year ended 30 June 2019. The order book currently stood at £1.6m, up from £1.9m, reflecting a 'cautious attitude from customers in relation to uncertainty surrounding Brexit,' the company said. It also offered an update on trading in its new fiscal new, with sales tracking at the same level as those for the same period last year at £2.5m. Overall design quotation activity within the business was up on this time last year and the company expected conversions to improve once there is clarity over the current political environment, the retailer said. At 8:48am: (LON:JLH) John Lewis of Hungerford PLC share price was +0.01p at 0.61p

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