Topps Tiles on track into new year

Topps Tiles said the firm's good performance in the second half of last year had carried on into its first quarter.

The UK's largest tile and wood flooring specialist said trading in the first quarter had been within the range of management expectations.

Like-for-like revenues across the first 13 weeks of the current financial year increased by 1.6%, an improvement on the 4.2% drop the previous year.

Like-for-like growth had strengthened in the final six weeks of the period, the company added.

Topps ended the quarter with a total of 322 UK stores.

There were no significant or unexpected changes in the financial position of the group since the publication of the annual report at the end of September.