TIFFANY & CO DELIVERS UPBEAT FORECAST

HIGH-END jeweller Tiffany & Co said its business was back on track in the first quarter after a holiday scare, as it forecast higher sales and profit for 2012. Tiffany reported net income of $178.4m for the fourth quarter ended 31 January, down from $181.2m a year earlier. The jeweller is a long-time celebrity favourite , and was recently worn on the red carpet at the 84th Academy Awards by Cameron Diaz (above).
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