MARKET REPORT: Messy market return for loo roll maker Accrol with shares falling 66% after pulp shortage hikes production costs
Loo roll maker Accrol failed to convince shareholders it had cleaned up the mess it made with its profits.
The company, which suspended trading in September after admitting earnings would be significantly below its forecasts, saw its shares plummet upon its re-entry to AIM yesterday.
Accrol makes tissue roll for discounters such as Lidl and Aldi and makes products for most of the major retailers – who put their own branding on the loo roll.
However, the firm fell into difficulty after a shortage of pulp – a material used to make tissue paper – made the cost of producing tissue paper higher... read more
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