LONDON (Reuters) - British retailer New Look has nudged up its full-year earnings forecast, but is unlikely to make an early decision to revive the stock market flotation it abandoned only last month, a person close to the matter said.
Earlier, the Sunday Times said the New Look board would meet on Tuesday to discuss reviving its flotation plan and that a listing could come as soon as June.
New Look declined to comment, but a person familiar with the situation said an early decision was unlikely and the firm would probably want to see the impact of the forthcoming UK general election on financial markets before courting investors again.
Last month New Look was one of a string of companies to abandon flotation plans because of turbulent financial markets.
The company has continued to perform strongly, and now expects to have achieved underlying earnings before interest, tax, depreciation of amortisation (EBITDA) of about 249 million pounds for the year ended March, the person said.
That would be up from 217.6 million pounds the year before and New Look's previous expectation of about 240 million.
(Reporting by Mark Potter; Editing by Hans Peters)
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