Card Factory moves higher after physical stores do better than expected
A look at Friday's major share movers on the London Stock Exchange
Card Factory PLC (LON:CARD) added 7% to 84.3p before close after announcing that performance following the reopening of stores in England and Wales has topped expectations.
Sites in Scotland will resume trading on 26 April while those in Northern Ireland have reopened today.
The greeting cards retailer has also headline terms for refinancing with its banks, with more details to be released soon. The banks also extended waivers in respect of anticipated covenant breaches to 31 May 2021, taking account of the company's cash flow projections.