Meat and deli products retailer Crawshaw Group says that sales have started to recover.
The share price jumped by more than one-third to 2.88p, valuing Crawshaw at £1.66m. The shares have still lost two-thirds of their value over the past year.
Sales for the five weeks to 1 January 2012 were 9% higher than the corresponding period last year. Like-for-like sales from the core stores were 3% ahead and 7% higher in newer stores. There had been a 10% like-for-like decline in the first eight weeks of the second half, which followed a 4% decline in the first half.
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