UK: Laura Ashley Turns Fortunes Around
Retailer Laura Ashley is expected to report that pre-tax profits have more than doubled to £7.5m on Tuesday, Retail Week reported. The store group is thought to have staged a sales recovery on the back of remodelled stores and advertising campaigns. But owing to the 40 per cent holding in the company of Malayan United Industries, most brokers believe there is little market for the stock.
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