Mothercare Shares Slump as Administrators Called In

Parent company says it is unable to meet the cash demands of the UK business and calls in administrators

James Gard 4 November, 2019 | 11:19AM

Mothercare

Mothercare (MTC) has called in administrators for its struggling UK business, in the latest sign of the pressure that high street retailers are under.

The company’s share price plunged nearly 28% to 8p after the announcement, having been around 25p earlier in the summer. In 2010 the shares were worth just under 200p.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Mothercare PLC4.55 GBX10.98

About Author

James Gard  is content editor for Morningstar.co.uk

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