The company’s UK demise is further sad news for the struggling retail sector
Thursday 07 Nov 2019 Author: James Crux
Shares in baby goods retailer Mothercare ( MTC ) crashed to a 20-month low of 8.38p on 4 November after its UK operations were put into administration. Unlike most administration situations, Mothercare’s shares continue to trade as it still has a profitable overseas operation and the administration does not affect the entire business. Traditionally an administration situation would normally see shares in the listed company suspended and then delisted...