Topps Tiles revival

SHARES in Topps Tiles jumped after the flooring specialist said sales have picked up in recent months.

The company, which has 371 stores, said revenues rose 3.4pc in the 13 weeks to the end of December, the first three months of its financial year.

It followed growth of just 0.3pc in the same period last year and shares rose nearly 9pc, or 7.2p, to 87.2p.

The company’s fortunes are closely aligned with the strength of the housing market and how households are feeling as families worried about their finances are less likely to install a new floor.