UK's Headlam plunges after warning of weaker annual results

Headlam

05/11/2025 09:38

** Shares of floor coverings distributor Headlam Group HEAD.L down 11.6% at 48.7p

** Stock top loser across London stocks

** HEAD expects full-year performance to be below expectations after rev fell 5% for four months ended October 31

** Says group has continued to experience challenging market dynamics & execution during the period

** "UK consumer confidence has fallen as the Budget nears, further dampening a weak flooring market" - Peel Hunt analysts

** Including session's loss, stock down 66.1% YTD

 (Reporting by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))