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Zara parent's sales jump

Zara owner Inditex posted a 14pc rise in sales for November and early December as its fast-changing fashion collections helped it cope better with mild weather than many European rivals.

The strong sales performance, coming after a better-than-expected rise in revenues during the nine months to the end of October, boosted Inditex shares more than 3pc.

Fashion sales in Europe were hit by an unusually warm autumn, hurting demand for more profitable items such as winter coats.