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French Connection sees full-year results in line, shares jump

Reuters - UK Focus

Nov 26 (Reuters) - British fashion retailer French Connection Group Plc reduced its quarterly pretax loss and said it expects full-year results to be "in line with market expectations", despite unusually warm weather.

Shares (Frankfurt: DI6.F - news) of the company, which is attempting a turnaround after years of underperformance, rose as much as 19.6 percent on the London Stock Exchange (Other OTC: LDNXF - news) on Wednesday.

French Connection (LSE: FCCN.L - news) , best known for its FCUK brand, said UK and Europe comparable revenue in the 17 weeks to Nov. 22 was 5.7 percent lower than in the year-earlier period.

The company said its order book for Spring 2015 was "strong". (Reporting by Aastha Agnihotri in Bangalore; Editing by Robin Paxton)