MARKET REPORT: Topps Tiles blames the cold weather as it warns of a sales go-slow sending shares down 13%
Flooring company Topps Tiles has blamed that pesky 'Beast from the East' for a sharp decrease in sales.
In a trading update, Topps said that the cold snap of February and March, as well as an early Easter, led to a 2.2 per cent drop for the three months to the end of March.
The firm, which sells 530m square feet of tiles a year – enough to cover more than 9,300 football pitches – also said there had been a slowdown in the market.
But despite this, Topps' revenue was up 0.6 per cent in the six months to March 31.
Matthew Williams, chief executive of Topps, said: 'After a strong start to the... read more
- 16:32 Avicii died by suicide, his family confirm
- 16:32 Drugs discovered at Alnwick home after police raid
- 16:32 Countryfile filmed in the county for upcoming show
- 16:31 Philippines protests as Kuwait expels envoy over maid 'rescues'
- 16:30 Wakefield Council to close creche in move to save cash
- 16:30 Tyson Fury: I can beat Deontay Wilder with a hand tied behind my back
- 16:30 Sheffield mother and daughter jailed over vicious screwdriver...
- 16:30 McLaren remove Tim Goss from chief technical officer position after...
- 16:30 Paul Lambert '100% certain' about his decision to axe Saido...
- 16:29 Alcohol-related admissions on rise in Sunderland
- 16:29 Pub car park killer showed ‘no mercy’ during fatal attack on his...
- 16:29 Tributes paid to Norwegian woman who became leading Melton travel...
- 16:29 Murderers shared torture photos of schoolgirls who vanished 18...
- 16:29 UK country duo My Darling Clementine coming to Wirral venue
- 16:28 The pros and cons of privatising the NHS
- 16:28 Battered face of angler knocked out in brutal Tamworth attack by...
- 16:28 Wakefield Council to close creche in move to save cash
- 16:27 Drink-driver to lose his job after crashed into traffic lights
- 16:26 Who is Jeremy Kyle engaged to? What we know about Vicky Burton
- 16:26 From Sowerby Bridge to the Champs-Élysées - The Chiropractor...
- 16:25 Take a look at the refurbished Aldi store in Leamington
- 16:25 Take a look at the Nivea Men Body Shave Range line-up
- 16:25 Pub car park killer showed ‘no mercy’ during fatal attack on his...
- 16:24 Bridget Phillipson MP: Why we should recognise the positive impact...
- 16:23 Volunteers needed to help Sheffield children who are in care
- 16:23 Online tools help parents stalk student children
- 16:22 Pub car park killer showed ‘no mercy’ during fatal attack on his...
- 16:21 Kate Middleton and Prince William settle into home life with new son
- 16:21 Leabrook Road Wednesbury flooded after burst main chaos
- 16:21 Farmers urged to upgrade security after burglaries in Warwickshire