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Topps Tiles Hit by Heatwave | Business and Finance News
Description
Topps Tiles is sweating through a rough patch as soaring temperatures forced tradespeople to halt work, dragging sales down 1.8% this quarter. While some business may rebound in the next six months, it’s unlikely to fully offset the loss before their September fiscal year ends. The company’s already trimming costs, having shuttered 23 stores — 7% of its total — in April. Yearly profits are now projected at just over £6.5 million, down from £9.2 million last year, and their stock price tumbled 1.8 pence to 34 pence. It’s a stark reminder that even giants can be thrown off course by weather and market shifts — and the workers on the ground are feeling the heat too.
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