Category: writedown
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Moonpig slips into loss after £50m write-down hits experiences division
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Online greetings card and gifts retailer Moonpig has reported a half-year pre-tax loss of £33.3m after writing down the value of its Experiences division by more than £50m, underscoring the challenges posed by faltering consumer confidence. In expensive discretionary treatments. The loss in the six months to October compares with…