Thorntons’ profits fall by £7.7m in second half of 2011

Yesterday the chocolate maker Thorntons announced that profits had fallen from £8.4m to £618,000 – a drop of 92%, leading to the proposed closure of at least another 120 shops. Thorntons saw its shop sales drop by 5.5% on a like-for-like basis in the 28 weeks up to January 7 as rising commodity prices costs…