Theo Fennell, purveyor of bling to celebs such as Elton John and Kate Beckinsale, has cut its interim losses by more than half.
The jeweller said it had benefited from a cost-cutting programme as it posted a £610,083 loss for the six months to 30 September, against £1.4m last time. However, sales slipped by 8 per cent to £4.9m as demand fell during the Olympics. The shares were flat at 11.75p. Its chairman, Rupert Hambro, said: "The major focus of the business is to increase sales, which will return the company to profit.."