TIFFANY HINTS AT STRONG CHRISTMAS

LUXURY jewellry retailer Tiffany said yesterday its fiscal third-quarter profit rose a better-than-expected 27 per cent, helped by demand across most geographic regions. Tiffany’s quarterly net income rose to $55.1m (£34.8m), or 43 cents a share, from $43.3m, or 35 cents a share, in the year-earlier quarter. Sales in the quarter ended 31 October rose 14 per cent to $681.7m boosting hopes of strong Christmas holiday trading.