IN BRIEF: Colefax says trading in Fabric Division beating expectations

Colefax Group PLC - London-based designer and distributor of furnishing fabrics and wallpapers - Noting "strong" trading in the US, says trading in its key Fabric Division "has been ahead of expectations" since late-January. It now sees pretax profit for the financial year ended April 30 of no less than GBP10.5 million, which would represent a rise from GBP8.9 million the year prior.

Current stock price: 1,345.00 pence each, up 9.4% on Friday afternoon in London

12-month change: up 71%

By Tom Budszus, Alliance News slot editor

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Colefax Grp.