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Thursday 23 Feb 2017 Author: James Crux

A savage profit warning from Laura Ashley (ALY) shows investors were right to be concerned about the potential impact of Brexit on purchases. The fashion-to-homewares seller’s poor half year results revealed sharp UK like-for-like sales declines in the furniture category, as well as in decorating and fashion, with prevailing sterling weakness and wage cost pressures also behind the earnings alert. (JC)

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