Channel Islands retailer CI Traders' half-year pre-tax profit to 29 July rose 40.9% to £13.1m on sales up 6.1% at £166.2m.

The group said that its retail businesses had had a relatively good half-year, with trading losses eradicated at Safeway Channel Islands and a strong performance from the Marks & Spencer Jersey franchise.

Tom Scott, chairman of CI Traders, added: “The principal markets of the Channel Islands continue to present tough trading conditions for all of the group's operating businesses. Trading for the full-year should maintain the improvement over last year.”