JESSOPS SURVIVES CHRISTMAS!

Jessops survives Christmas! – Christmas is over, and Jessops is still there! Executive Chairman David Adams, admits that, joking aside, the company did have to prove it could trade through the festive season. Having done that, Adams' next step will be to seek refinance on terms less onerous than current arrangements. Jessops is still a very high risk proposition for lenders and investors. The management still have a job on their hands to stabilize the company, which remains in a critical condition. Only if they achieve that can they begin to think about making it profitable. Jessops is expected to announce new appointments to the vacant Chief Exec. and Finance Director posts soon.