In brief: Denmark’s ISS has new tilt at a float, Dunelm ‘cautious’ despite ad boost, France ‘may miss deficit cut target’

ISS, the Danish outsourcing giant chaired by former ITV chief Lord Allen of Kensington, is set to announce plans for a £5 billion float next week.

The firm, which has 530,000 staff, abandoned previous attempts at a listing in 2007 and 2010 because of market turbulence. A merger with rival G4S collapsed in 2011. Goldman Sachs and UBS are leading the float.

Dunelm’s first television advertising campaign helped the homeware retailer lift pre-tax profits 2.9% to £61.6 million in the 26 weeks to December 28, prompting an 11% rise in the dividend.

Chief executive Nick Wharton plans to open five more stores this year but said the group was “cautious about consumer spending trends overall”.

France is at risk of missing its deficit reduction target this year thanks to weaker-than-expected tax revenues, the country’s state auditor said today.

The Cour Des Comptes warned in its annual report that revenues could fall €6 billion (£5 billion) short of plans, which would mean François Hollande’s government 2014 deficit would come in higher than 3.6% of GDP.