Shares in Store Chain Scs Plunge by Half ; in Association with Rbs
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Summary
STRUGGLING sofa store chain ScS saw its shares plunge by half yesterday as concerns grew over its cash-flow.
The slide of the Sunderland company's stock was further hastened by fears that customers who bought furniture in "buy now, pay later" or "interest free" deals would have trouble paying their bills The share price started to sink after the company said an insurer had refused to cover five suppliers against the ScS being unable to pay them.See the full content of this document
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Shares in Store Chain Scs Plunge by Half ; in Association with Rbs
The withdrawal of credit insurance for the firms - three of which are principal suppliers - comes amid inc...
See the full content of this document
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