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Fashion retailer Superdry has suspended its shares on the London Stock Exchange because of a delay to its accounts, blaming problems with normal procedures" for the failure to report on time.

It is just the latest issue for Superdry, which has struggled over the last five years. As well as the pandemic and the shift away from high street stores, retailers are now facing the cost of living crisis after a damp summer.

Under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the Company is required to publish its audited full year 2023 results by 29 August 2023. The Company is currently working with its auditor, RSM UK Audit LLP, to complete the final technical points of the audit of its full year 2023 results and expects to announce later this week.

The board confirms that the delay is a result of normal procedures taking longer than anticipated during the first year that RSM are auditing the company.