Half Year Results 

Headlam looks to incremental gains

Headlam looks to incremental gains

We pulled our buy recommendation on Headlam Group (HEAD) back in March, on concerns over geographic concentration, specifically that the group’s “UK focus could work against it”. And what sales growth there was at the half-year mark was primarily attributable to the residential floorcovering market in continental Europe. UK sales, which account for 85 per cent of the group total, were down 5.2 per cent on a like-for-like basis.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now