- Lifestyle fashion retailer Joules said it expected underlying pre-tax profits for the full year to be at the upper end of analysts' expectations amid continued revenue growth and efforts to cut costs.

Underlying pre-tax profits for the full year were expected at the top end of forecasts of between £14.8m and £15.3m.

For the 52 weeks ended 26 May, group revenue increased by 17.2% to £218.0m as the group's strong momentum through the first half of the year and the Christmas trading period continued into the second half, the company said.

Retail and wholesale revenue, up 22.7% and 2.9%, respectively, were impacted by the transition of some UK wholesale accounts to the retail concession model - a move that provides Joules greater future trading flexibility, the company added.

At 8:30am: [LON:JOUL] Joules Group Plc share price was +11.5p at 266.5p

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