H Samuel takes shine off jeweller Signet

H Samuel jeweller Signet made another loss in the UK today after promotional activity required to offset tough trading conditions affected margins.

The transatlantic group, which also owns the Ernest Jones chain, posted operating losses in the UK of £1.6m (€2.33m) for the 13 weeks to April 29, compared with a deficit of £400,000 (€582,34) in the same period a year earlier.