Worrying business models | Elderly simplicity
Results and updates covered here include simplicity and excellence from an AIM elder and complexity and confusion from two more recent admissions to London’s growth market – one in particular leaves us scratching our heads.
James Halstead – sales ahead, but pressures mount In its AGM statement commercial flooring company James Halstead (AIM:JHD) confirmed that in most markets sales are ahead of last year. Stock levels have also reduced by over 10% and the mild autumn means that the energy crisis has not further escalated. Margins are being helped by a reduction in international shipping rates while the fall in the value of Sterling has offered a competitive advantage to exports. That was the good news! Unfortunately, some production lines at its Radcliffe site have been affected by strike action by a section of the…