Laura Ashley reports profits below market expectations

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Dole outs in the company fell as much as 12 per cent to 16.5 cents, their lowest since August 2011, in morning customers on the London Stock Exchange.

Laura Ashley said it continued to camouflage challenges such as failure to meet sales and margin targets, persevere in and raise its market share and to optimise its store portfolio.

British consumers controlled in their spending last month, an industry survey showed eventually week, adding to signs that they are turning more discreet as last year’s Brexit vote pushes up inflation.

Official statistics last month showed British retail sales suffered their biggest depression in more than four years in December, denting what had been a encouraging fourth quarter.

Laura Ashley’s total group sales prostrate 2.5 per cent to £146 million, for the 26 weeks to December 31, while like-for-like retail sellathons fell 3.5 percent in the period.

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