- Floorcoverings distributor Headlam posts pre-tax profits of £10.76m for the six months to the end of June - 18.5% up on last time.

Revenues rose by 7.6% to £301.6m and operating profits increased by 16.4% to £11.3m.

Group chief executive Tony Brewer said: "The particularly positive performance for the first six months, due in part to improved market conditions, is principally as a result of the various business initiatives combined with the efforts of management, sales representatives and all employees.

"The momentum created during the first half as a result of these factors has continued into July and August and is evident in both the commercial and residential sectors. Assuming that normal seasonality in the traditionally busy autumn selling period prevails, the group is very well placed to continue this trend for the remainder of 2014."

At 9:00am: [LON:HEAD] Headlam Group PLC share price was +11.88p at 421.88p

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