STOCK WATCH

SHARES in Seraphine hit a new low after the maternity clothing brand warned that trading remained tough.

The group, whose clothes have been worn by the Princess of Wales, said it faced a ‘challenging’ summer.

Revenue inched down to about £19m in the 26 weeks to October against £20.8m a year earlier. The group made a loss of £1.5m but expects to return to profit in the second half.

Shares, which floated last year at 295p, slid 29.3pc or 5.2p to 12.5p.