Recovery signs boost jeweller Pandora despite profit drop2019|00:54
Smaller sales declines in key markets Britain and Italy and a step up in restructuring efforts helped to lift Danish jewellery maker Pandora's shares on Tuesday. The shares, which had fallen about 10% this month, were up almost 7% on Tuesday. That's despite a drop in second-quarter earnings. Pandora is best known for its customisable silver charm bracelets But the business is struggling after new jewellery lines failed to entice shoppers. The company's buying back older ranges from franchises and slimming down collections to try to improve performance. Sales from stores open more than a year fell 10% in the second quarter from the same period last year - the same as in the first quarter. However, like-for-like sales in Britain and Italy have declined less sharply in the second quarter after an increase in marketing spending.