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Record profits prediction for James Halstead – shares increase!

Commercial flooring manufacturer James Halstead’s shares rose nearly two per cent after the firm said it would post another year of record revenues and profits.

The Radcliffe-based company’s shares gained 1.72 per cent, or 10p, to 590p after the announcement, adding £10m to its market value of £588.76m.

James Halstead said it continued to trade solidly in ‘very difficult global conditions’ during the year to June 30.

Strong growth in Europe, the Middle East, China and Canada boosted its performance, with overseas sales rising faster than those in the UK.

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