Mixed numbers at Topps Tiles

Profits were lower at Topps Tiles after the retailer took a hit from property costs and its commercial business.

Profit before tax fell by 18.8 per cent to £5.2 million in the 26 weeks to 30 March 30. Group revenue was broadly stable at £110.3m. It said its performance in the first half was“resilient” in the face of a challenging consumer backdrop, with adjusted pre-tax profits up 11.1 per cent to £8m.