Matalan performance offsets poor start for FTSE

Matalan shares jumped 7% today as investors cheered better-than-expected sales figures from the discount retailer.

Matalan performance offsets poor start for FTSE
Tue, 05 Sep, 2006 - 12:46

Matalan shares jumped 7% today as investors cheered better-than-expected sales figures from the discount retailer.

The stock rose to the top of the FTSE 250 Index risers board after the trading revival also offered a potential boost to takeover talks involving founder and chairman John Hargreaves, who owns 53% of Matalan along with his family.

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