Successor yet to be named
Moss Bros finance director Roddy Murray has resigned today with immediate effect.

Moss Bros chairman Keith Hamill said of his departure: 'I would like to thank Roddy for his major contribution over the past three years in turning around the fortunes of the company. We are disappointed that he is leaving at this point and wish him well for the future. An announcement regarding his successor will be made in due course'.

Murray will remain at the group in an advisory capacity until the end of the year to help oversee the handover of his responsibilities.

Numis analyst Steve Davies said: 'We would not read anything sinister into this. We suspect that, having presided over a very successful turnaround in the past three years, Roddy has simply decided that he wants another challenge.'

The group has also released a trading update today and has confirmed that sales growth slowed in October. Like-for-like sales for the first 15 weeks of the second half are flat against last year, although the group reported that margins have been maintained. The company said that sales of coats have been especially weak recently, however, less weather dependent purchases such as suits and shirts have faired better.