Aurum gold jeweller's sale hope

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This was driven by a 10.2% rise in underlying sales and a focus on high-margin jewellery at the firm behind the Mappin & Webb, Goldsmiths and Watches of Switzerland chains. Collapsed Icelandic bank Landsbanki put its majority stake in Aurum on the market last year and the group is thought to have recently attracted the interest of L Capital, the private-equity arm of luxury group LVMH.

Aurum's operating profit jumped by 53% to £18.3 million in the year to 29 January, on revenues of £300.6 million.