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FCCNFri, 19th Oct 2018 16:51
LONDON (Alliance News) - Clothes retailer French Connection Group PLC on Friday said it is in early discussions with four parties over a potential sale, while talks have been held with several others.
The firm had earlier on October confirmed it would consider offers as it conducts a strategic review.
Shares ended 7.1% higher on Friday at a price of 56.50 pence each.
Publishing and education group Pearson has been downgraded by broker Numis on valuation grounds, despite a first-quarter statement that was in line with forecasts. The broker noted no surprises in the trading update, which is a "very small" quarter in the context of the strongly second-half-weighted
Read moreNumis put its recommendation on French Connection under review after the clothing retailer reported a tough first half trading and warned on flagged full year 2016 profits. The broker reduced its profit before tax forecast from £0.3m profit to an underlying loss of £3.5m. The company reported weak
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(Adds details, analyst comment, share movement) April 24 (Reuters) - British fashion retailer French Connection Group Plc said it expected full-year results to be below market estimates as the previous year's challenging trading conditions continued through Easter. Retail sales, which
Read more** French Connection slides c.20 pct, on course for its biggest one-day drop since May 2012 & at a more than 1-yr low in strong volume ** Forecasts H1 retail sales materially lower than expected & FY results below mkt estimates ** Co, which has been attempting a turnaround after yrs o
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