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21 Feb 2014

Expansys shares slide following profit warning Expansys shares slide following profit warning Online retailer expansys saw its shares slide 16 per cent after the manchester based firm issued a profit warning resulting from winter sales being hit by the bad weather, with customers concerned orders wouldn't be delivered in time for christmas. Companies in aim listed expansys, which specialises in electric consumer goods including phones, pcs and cameras, lost control to 5.25p after its trading survey for November and December, Their minimum since October 2009. Dragons' den owner peter jones has a 43 per cent stake in the manchester science parks based company, which posted pre Pandora Bracelets UK Sale tax profit gains of 1.4m for the six months to march 31. Leader anthony catterson said: "In my experience i have never seen the weather impact income online in the way it has this year, He said expansys 'saw a material drop off' in revenues after the first week of december as consumers braved the snow to do their shopping in the shops for fear of online orders not being delivered in time for christmas. Price cuts by rivals forced expansys to do the same in a bid to retain share of the market, sell at a discount and the firm began its sale before planned on december 18.The reductions meant margins were affected in the. In the world, although sales grew by 12 per cent resistant to the same period last year, this was below demands. Expansys reported good growth in the united states, with sales up 48 per cent on the same period last year.Proceeds in asia were up 195 per cent, driven largely by demand in japan. Mr catterson acknowledged: "We believe strongly in the growth prospects for Pandora Birthstone Beads the particular business. Go over we have made an error in a report, or have fallen below our usual high criteria, please write first and foremost to:Deceive irvine, manager, gatwick evening news, mitchell henry coop, hollinwood road, chadderton, oldham ol9 8ep. Free morning newspapers, the general vicinity, written and circulated every weekday, is also part of our profile, Performing more than 200, 000 readers in greater stansted. Greater luton business week is the region's number one provider of business news andfeatures, intended for a bespoke business audience with 12, 687 copies every wednesday.


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