Mothercare's shares may have fallen 60% in the last year, however, they were up today by 4% after their announcement on shop closures. The shares are now trading up over 10% at 188p. City likes Mothercare's restructuring news, but will customers?
After the closures, Mothercare will have 200 stores - 95 out of town and 105 on the UK high street. The company aims to grow with 1000 stores created abroad. The retailer have not yet announced which stores will close in the UK.
More top news
A four-year-old boy is among 20 people to have died in some of the worst flooding West Virginia has seen.
The heavy showers will ease off this weekend.
Labour MPs are attempting to build a consensus for a single challenger to Corbyn, while the big game in the Tory Party is Stop Boris.