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Headlam Group PLC (HEAD.L)

HEAD.L on London Stock Exchange

595.50GBp
22 Feb 2017
Change (% chg)

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595.50
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Avg. Vol
88,240
52-wk High
610.00
52-wk Low
408.00

Latest Key Developments (Source: Significant Developments)

Headlam says has raised prices to counter weaker sterling
Wednesday, 24 Aug 2016 02:00am EDT 

Headlam Group : Interim Results for the six months ended 30 June 2016 . Group revenue up 4.8% to £328.7 million (H1 2015: £313.5 million) . Profit before tax up 22.4% to £15.11 million (H1 2015: £12.35 million) . Interim dividend up 11.7 percent to 6.7 pence per share . August is traditionally one of the group's peak trading months in the UK with the annual summer refurbishment of educational institutions. . To date, this seasonal business seems to have been unaffected by the result of June's referendum on EU membership. . However, the referendum result gave rise to a weakening in sterling, and the group has sought to mitigate this adverse inflationary effect by implementing price increases earlier this month for residential floorcoverings imported from Continental Europe . It is pleasing that these price increases appear to have had no adverse impact on the level of residential revenues to date .Our market appears to be robust and, subject to the key trading period in the run-up to Christmas, the board remains confident of achieving full year expectations.  Full Article

Headlam Group Plc announces interim dividend
Monday, 24 Aug 2015 03:29pm EDT 

Headlam Group Plc:Announces has decided to increase the interim dividend by 15.4 pct to 6.0p (H1 2014: 5.2p).Says the dividend will be paid on Jan. 4 2016 to shareholders on the register as at Dec. 4.  Full Article

More From Around the Web

UK carpet seller Headlam ups prices after post-Brexit sterling weakness

LONDON, Aug 24 British carpet distributor Headlam has raised its prices after a weaker pound in the wake of the Brexit vote pushed up the cost of imports from continental Europe, showing the potential inflationary impact of sterling's decline.