MBL Group trading behind expectations, investors warned

Investors in distribution firm MBL Group were met with disappointing news on Thursday morning, as they gathered for the annual general meeting.

The AIM-traded company’s board did confirm to investors that both of its trading subsidiaries were currently profitable and cash generative.

However, chairman Tim Jackson-Smith did say they were “trading behind management expectations in the year to date.

“Further information around the performance of the group and its trading businesses will be provided at the time of the release of the interim results for the six months ended 30 September.”