SMG Will Have Trouble Selling Pearl & Dean

1314 GMT [Dow Jones] SMG (SMG.LN) will have difficulty divesting Pearl & Dean, following Friday’s profit warning, says Investec. “We do not believe Cinema (Pearl and Dean) can be sold currently and reduce our target value for a sale to a mere GBP9M, from GBP16M,” analyst says. Shares trade -20.6% to 54.75p. (JEK)