Jumbo

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Greek toy seller Jumbo says July-Aug sales up 'more than' 10 pct y/y

Greece's largest toy seller Jumbo said on Wednesday that revenues for July and August rose "more than" 10 percent year-on-year.

The company, which operates 52 stores in Greece and 14 in Cyprus, Bulgaria and Romania, did not provide a specific figure for the period, the first two months of its fiscal year.

No sign of stock slide turnaround

The slump continued for the majority of stocks on the Greek bourse on Wednesday as banks kept dragging on the market, as has been the case over the last few weeks. The increased turnover suggests that sellers mean business and will likely persist until foreign portfolios are convinced that bank stock prices are low enough to buy back in again.

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