French Connection Group has reported a slight rise in sales at stores in Britain and the rest of Europe ahead of the key Christmas shopping season, putting it on track to match market expectations for its full-year results.
Shares of French Connection rose about 25 per cent, making the stock the biggest gainer on the London Stock Exchange on Monday morning.
For the 16 weeks ended November 21, the high street fashion chain reported a 0.2 per cent rise in like-for-like retail sales in the UK and Europe, as its winter collection drew in shoppers.
This compares with a 6.1 per cent drop in the comparable 16-week period last year.
"While we still have the all-important Christmas period to come, we expect the results for the full year to be in line with market expectations," chief executive Stephen Marks said.
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