Flooring business grows UK market share

Flooring business James Halstead has reported strong trading and expects pre-tax profits to be in line with last year’s record levels.

According to its latest trading update for the half year to 31 December 2020, ahead of its interim results on March 31, the company said that it continues to trade at normal levels through the various national lockdowns with turnover remaining “solid”.

The business added that cost and availability of international freight towards the end of the period has been a major issue alongside upward pressure on raw material costs.

Despite the challenges faced, the company has made noticeable market share growth in the UK during November and December, due to Brexit concerns of customers about supply from European-based competitors.