Laura Ashley takeover rumours abound

The fashion and home furnishings retailer Laura Ashley is once again the subject of takeover rumours. According to just-style.com, sources have suggested that one of the company's largest shareholders has been negotiating with other investors over a buy out.

After years of bad results, Laura Ashley finally returned to profitability last year. It is focusing more on its home furnishings business, reducing its apparel business as a result. Malaysian United Industries currently owns a majority stake in the company.