Carpetright shares shed nearly a fifth of value

Retailer's chief executive says already challenging conditions have been further complicated by result of EU referendum

Shares in Carpetright have shed almost a fifth of their value amid fears that uncertainty caused by Britain's decision to leave the EU will hit high street spending.

Investors were spooked after its chief executive, Wilf Walsh, said trading conditions had been more challenging in recent weeks and added: "The outlook has been further complicated by the outcome of last week's referendum and we are cautious about the impact the associated uncertainty will have on consumer confidence."