Mountain Warehouse posts record sales - but shelves flotation plans

Mountain Warehouse has posted record sales, but also shelved plans to float the outdoors clothes and equipment retailer. Mountain Warehouse has also taken immediate plans for a stock market flotation off the table, with chief executive Mark Neale adding that Britain's decision to leave the European Union "made the decision to not proceed with it a lot easier". Mountain Warehouse aims to double its current network of 300 stores – with half of those in the UK.