Thorntons profits to surge after closures

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Profits at chocolate-maker Thorntons, which has axed 36 stores so far this year. are expected to rise by 50 percent by the end of 2014.

Stock market analysts and the board expect the Somercotes company to make at least £7 million this year, up from £4.7 in 2013.

Its shop on King Street, Belper was closed last year.

Jonathan Hart, Thorntons’ chief executive, said: “The marketplace remains competitive and, in line with our strategy, we continue to focus on the profitability of the business which has improved considerably over the past three years.

“We are on track with our store closure programme which is focused on delivering a sustainable retail estate and remain confident that our strategy is the right one.”