LONDON (Thomson Financial) - United Carpets Group PLC said it continues to
trade in line with expectations and that its longer term prospects remain strong
with bank balances of 2.7 mln stg.
The company, which has 61 stores currently, said it has a strong pipeline of
new stores and potential franchisees, and that it expects to open more stores in
the second half across northern and central England.
At its AGM earlier today, the company said initial results from its key
trading period from October to December have been encouraging and the overall
business is continuing to perform well despite the challenging retail
environment, increased interest rates and the volatile financial markets.
TFN.newsdesk@thomson.com
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