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BREAKING NEWS

McColl's like-for-like sales drop on Palmer & Harvey bankruptcy

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McColl's like-for-like sales drop on Palmer & Harvey bankruptcy

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(Reuters) - British convenience retailer McColl's <MCLSM.L> on Monday posted a 2.7 percent drop in like-for-like sales for the first half, as supplies were hit after the collapse of UK cigarette wholesaler Palmer & Harvey (P&H) last year.

Total revenue, however, rose 19.2 percent to 601.7 million pounds for the 26 weeks ended May 27, as it bought about 300 convenience stores in 2017

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

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