Laura Ashley (ALY) has posted upbeat full-year results. Pre-tax profit grew 15 per cent to £23.5m and like-for-like sales rose 1 per cent, driven by furniture and home accessories. Fashion and decorating revenues fell.
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Online sales were 9 per cent higher and the retailer has yet again proposed a final dividend of 1p, taking the total dividend for the year to 2p. Current trading shows underlying sales are running 3 per cent ahead of last year.