CCT published its FY17 pre-close trading update after the close last night stating that, on the back of a solid finish to FY17, “underlying pre-tax profits…are expected to meet current market expectations”. The reassuring statement on trading and CCT’s strong financial position served as a useful context to highlight CCT’s assessment of the implications of the rapidly unfolding situation of Toys “R” Us (accounting for c8% of CCT’s total sales)
