Wednesday, April 18, 2007

UPDATE 1-Signet profit rises but U.S. market weakens

(Reuters) - LONDON, April 18 - Jewellery retailer Signet Group posted a 6.4 percent rise in full-year profit on Wednesday but said the trading environment in the United States had weakened since the start of its new financial year.

Based in Britain, but with around 75 percent of its sales coming from the U.S., Signet said pretax profit was 213.2 million pounds in the year to Feb. 3 and that the challenging UK market had strengthened a little.


Read more at Reuters.com Market News

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