Moss Bros back in black

Suiting company Moss Bros has made a return to the black, seeing profits

rise for the first time since 2008.

The company paid a dividend after it saw sales of its men's formalwear increase and benefited from closing its Cecil Gee business.

The company launched a bespoke suiting business and is adamant demand for formalwear will stay. In tough economic times the clothes may maketh the man - being well-dressed could forge an impression that may stave off redundancies.

According to the Financial Times, shares trade on over 32 times forecast earnings.