International News - Cortefiel profit shoots up

Spanish fashion group Cortefiel has announced that its full-year net profit rose 47 per cent to EUR30 million (£19.9 million). Like-for-likes climbed 3 per cent and 1 per cent for the first seven weeks of the new year. In Germany, which had been a difficult market, like-for-likes lifted 10 per cent over the seven week period.