Flooring firm tackling currency headwinds

INTERNATIONAL commercial flooring manufacturer and distributor James Halstead says it has increased turnover on each of the company’s major markets on a constant currency basis.

However, the translation of exports to sterling is against an adverse effect of 10 to 15%.

“Nevertheless,  the profit for the first six months trading is ahead of last year and in line with the board’s expectations,” a statement from the listed company, based at Radcliffe, near Bury, said in its interim results for the half-year to December 31 2015.