Laura Ashley says major shareholder, lender in funding talks

(Reuters) - Clothing and furnishing retailer Laura Ashley said on Monday its lender and majority shareholder were in talks regarding the company's immediate funding needs, as it reported a drop in half-year revenue. The company said recent movements in its stock and customer deposit levels had led to a reduction in the amount it can draw down under the working capital facility with its lender Wells Fargo & Co .Laura Ashley's total group sales fell 10.8% to 109.6 million pounds in six months..