Welcome to British Online Business Group

Economics:

British online  retailer are expecting to enjoy a strong first half, thanks to bumper demand over the Christmas period. Retail sales are expected to grow by more than 35pc to around £901m and consensus forecasts point to half-year pre-tax profits of £27.1m, up from £23.9m in the previous year.

In January, the London-listed group said it would accelerate the pace of its infrastructure investment to handle sales growth. In the four months to the end of December,  reported a 52pc increase in international sales to £362m, while sales in its home market rose by 18pc to £244m.

Previewing the interim results, said- investors should look for “any news on future US distribution plans”.