Jeweller Signet hits highest point for a year

Shares in jewellery retailer Signet reached their highest point for a year today after sales in its key US market showed signs of improvement.

The group, which owns the H Samuel chain, said that sales in the US – where it generates almost three quarters of its business - had shown an “improving trend” in May and June.

Comments from chairman James McAdam at the company’s annual general meeting today saw shares in the London-based group climb 5% or 4.25p to reach 96p by lunchtime – their highest point since early July last year.