Matalan to go private cheap as chips !

The 4% drop on Dec. 24th was a rogue trade caused by a fat finger - NOTHING ELSE.



Matalan briefly traded at 212.75p after a rogue trade crossed the market at way below the market price. This was quickly corrected and the stock finished the day 2.25p lower at 220.25p.


Also, eight new stores in the pipeline.



DISCOUNT retail chain Matalan is creating more than 700 new jobs in 2005 by opening eight new stores.

Spring openings will be at Merthyr Tydfil; Longton, Staffs; Erith, Kent; Scarborough, N Yorks; and Taunton, Somerset. Later in the year, stores open at Dalston, N London; Smethwick, W Mids; and Elgin, Moray.

A full range of staff are needed, including managers, deputy managers, sales managers for ladies' wear, menswear, children's wear or homeware - and full and part-time general sales assistants.

Visit www.matalan.co.uk, call 0845 330 0321 or email retailpeople@matalan.co.uk