Topps Tiles slips in second quarter

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Topps Tiles slips in second quarter
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Retailer Topps Tiles (LON:TPT) suffered a sharp downturn during the second quarter, but said that trading had improved somewhat in recent weeks. Like-for-like sales rose by 0.6% over the six months ended 31st March but this was split between a 3.4% increase in the first three months and a 2.2% drop in the second quarter fuelled by an early Easter and bad weather.

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Management remained cautious but said that they were confident of meeting market expectations. Shares in Topps Tiles climbed 3.2% to 71.20p.

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