Big Yellow results miss their mark
Self-storage firm Big Yellow posted an increase in half-year profits yesterday, but saw its shares fall as the results came in lower than expected.
Pretax profit in the six months to September 30 rose to £7.7m from £6.9m a year ago, despite a 3% fall in revenues to £29.2m.
It bought five new stores in the period, but did not reinstate dividend payments after freezing them in mid-2008.
Big Yellow said it would review the dividend situation next year. Shares closed 20p lower at 410p.
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