McColl´s shares fall as stores continue to suffer from Palmer & Harvey collapse
(WorldNews New Zealand)

Shares in McColl´s tumbled more than 6% after the convenience store operator reported a drop in sales after being knocked by the collapse of wholesaler Palmer & Harvey. Total like-for-like sales for the 11 weeks to February 11 slipped 2.2%, having been `held back` by sales in stores that were formerly supplied by the wholesaler and together recorded a 3.6% drop in revenues. `Having experienced some availability issues towards the end of full year 2017 in our c.700...