Flying Brands suffers drop but reinstates dividend
The Jersey-based firm said it had successfully offloaded its Benham collectibles brand and acquired London florist Drake Algar for 500,000 and was also set to take over web-based gardening hardware retailer Garden Centre Online for 113,000.
Chief executive Stephen Cook said: "We continue to make progress with our strategy of transforming the group into a predominantly online retailer focused on value for money products in gardening and gifts."
Hunter, who owns a 29 per cent share of the business through his West Coast Capital investment vehicle, last year pledged to become a "more active shareholder" in the company.