What to Watch: Superdry slump, PageGroup hit by hiring slowdown, and RBS' Libra talks
Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad:. Beleaguered fashion chain Superdry (SDRY.L) announced on Wednesday that pre-tax profits fell by almost 57% to £41.9 million in its most recent financial year, just three months after founder Julian Dunkerton won his six-month battle to rejoin the company. The company, which had signalled that earnings would be below market expectations with three profit warnings in eight months, pointed to the “difficult trading landscape for most fashion retailers,” saying that “unseasonably warm weather” led to declining sales. Kelvin Stagg, chief financial officer of Page, said: “It is clear that macro-economic conditions in a number of our regions are becoming more challenging, and, as such, we currently expect 2019 operating profit to be towards the lower end of the range of current market forecasts.”.