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Laura Ashley profits to beat expectations

Strong trading over Christmas means fashion and homewares business Laura Ashley now expects full year pre-tax profit to be “significantly higher” than previously expectated.

The retailer said business had been better than expected since it last updated in mid September, when there was already growing confidence in the full-year outlook.

Laura Ashley reported: “Since then the business has performed better than anticipated. Based on this strong like-for-like performance over Christmas and early January we now expect full year pre-tax profit to be significantly higher than earlier expectations.”

The retailer will release full year results at the end of March.

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