Shares dip 10% as carpets group floored by poor early trading
Floorcoverings group Headlam saw its share value dip more than 10% following a gloomy forecast on current trading levels.
Investors got cold feet after the Coleshill-based company said it had seen a near 6% decline in like-for-like revenues in January, albeit against tough comparables.
However, it was the news that business in the UK had dipped by even more – 6.7% - that really gave the market the jitters, especially because of the current gloom surrounding the retail sector.
The announcement overshadowed relatively good fu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...