French Connection warns on profit

LONDON - Fashion group French Connection Group PLC (FCCN.L) said 2012 profit would likely miss current market expectations, issuing the latest in a series of such warnings as challenging conditions in its core British market continue. French Connection, whose eponymous high street clothing chain accounts for over 90 percent of its sales, said revenue dropped 9.5 percent in first three months of its financial year, and it did not expect an improvement in the second half of 2012.Shares in the

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