French Connection in profits warning

Retailer French Connection today warned it would miss profits forecasts again after new-look ranges failed to keep it on track to meet sales targets.

The group said that while trading had improved since September, it had not been sufficient to keep profits in line with the £20m (€29.7m) pencilled in by City. The company is now looking for a figure between £11m (€16.3m) and £14m (€20.8m).