GUS shares slip as results disappoint
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Your support makes all the difference.Great Universal Stores disappointed the market by failing to repeat last December's 30p special dividend, despite the catalogue retailer's cash pile remaining above pounds 1bn. The shares slipped 8p to 613p as the company also warned of "cautious and selective" consumer spending. Despite difficult trading, pre-tax profits rose 8 per cent to pounds 562.8m and the ongoing dividend was increased by 15 per cent to 15p (13p).
Investment column, page 20
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