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Laura Ashley rewards investors with £7.5m

Womenswear and homewear chain Laura Ashley is to reward its investors with £7.5m to show its appreciation for their support.

Yesterday the board of directors declared a bonus interim dividend of 1p per share for the year ended January 25, 2014. It will be paid on February 10.

The business said: “This is to show our appreciation to the shareholders for their continued support.”

This comes less than a week after Laura Ashley sold its 9.57% stake in menswear business Moss Bros, pocketing nearly £8m from the sale. The retailer said it would use the money raised to “enhance the financial position of Laura Ashley and for additional working capital”.

In September Laura Ashley revealed group sales were down 5.6% to £137.3m for the 26 weeks to July 27.Like-for-likes in the first half of the year dropped 2.2% and even ecommerce fell 3.7%.

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