BUZZ-Laura Ashley: hits 5.5-yr low after warns FY profit to miss target
** British fashion and homeware retailer Laura Ashley (LSE: ALY.L - news) shares down 6.6 pct at 5.5-yr low
** Says net pretax profit for FY 2017 will fall below market expectations; co among top losers on LSE
** Co cites softening market and rising cost pressure; sees continued sales and margins challenges
** About 7 times 30-day average volumes traded by 0825 GMT
** Up to Wednesday's close, stock had fallen 6.3 pct YTD vs a 7 pct fall in the FTSE All Share General Retailers Index ; co biggest loser on index