Mothercare

The baby products retailer slashed its outstanding net debt to just under £7 million after closing a third of its UK stores in the past 12 months, and is now hoping for a more solid financial footing.

The baby products and maternity wear company has been losing money for more than a decade.

Baby goods retailer Mothercare said full-year profit jumped 51 percent as the turnaround plan for its troubled British business made progress, sending its shares up as much as 9 percent.