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Card Factory shares dive as profits fall

Shares in the greeting cards retailer sink 10% as higher wage costs cut its half-year profits.

The chain blames the profit fall on efforts to keep prices low and the cost of opening new stores.

The outsourcing group reports lower half-year profits as it overhauls its business.

Marie Brizard Wine & Spirits has a one-off property divestment to thank for bringing its half-year profits into the black.

The B&Q and Screwfix owner sees profits and sales slip as it works its way through a five-year revamp plan.

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