McColl's Retail unaware of reason for share price surge

McColl's Retail said on Thursday that it does not know of any reason for the more than 50% surge in its share price.

In a brief statement, the convenience retailer said: "As previously announced, the group remains in ongoing dialogue with its lenders with a view to achieving a longer-term agreement in relation to the balance of its existing facility, however, there is no certainty as to the successful outcome of these discussions."

The company said a a further update will be made as and when these discussions conclude.

At 1505 BST, the shares were up 54.5% at 309p.