UPDATE 2-Jeweller Pandora's shares fall by a fifth after profit warning [Reuters (UK)]
Orange (ORAN)
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Source: Reuters
UPDATE 2-Jeweller Pandora's shares fall by a fifth after profit warning | Reuters Reuters Staff 4 Min Read * Jewellery company lowers sales and margin guidanceTo cut almost 400 jobsHit by pressures in China, UK and US markets (Adds analyst comment, detail) By Jacob Gronholt-Pedersen and Teis Jensen COPENHAGEN, Aug 7 (Reuters) - Shares in Danish jewellery maker Pandora plunged by a fifth to their lowest level in more than four years on Tuesday after the company issued a profit warning and announced plans to cut almost 400 jobs. Pandora, known for its charm bracelets, lowered its sales and profit margin guidance for this year late on Monday, saying both had fallen in the second quarter. The world’s largest jeweller by production volume, Pandora earlier this year warned of thinner margins due to slowing mall traffic in the United States and British markets, a lack of new products, and lower prices in China. Shares were trading 19 percent lower at 347.9 Danish crowns at 1000 GMT, the lowe
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