Mothercare shares slump 20% on plunge into red

Shares in Mothercare plunged up to 20% to their lowest in 14 years after the baby goods retailer swung to a first-half loss and warned of weak trading in its international business.

The group’s adjusted loss before tax for the 28 weeks to October 7 came in at £700,000 (€789,150), compared with a profit of £5.9m last year.