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IG Design – I having previously been cautious considering the macroeconomic and consumer environments, how’s its latest trading update?…

By Steve Moore | Wednesday 25 October 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously writing on group describing itself as “one of the world's leading designers, innovators and manufacturers of gift packaging, celebrations, craft & creative play, stationery, gifting and related product categories” IG Design (IGR), in April with the shares down to 162.5p I remained cautious considering the macroeconomic and consumer environments. The shares most recently closed at 112.5p, but what of them currently up above 130p on the back of a “trading update”?

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