Headlam, the leading UK and Continental European flooring distributor, has issued an impressive 1H17 pre-close update. Revenues were +4.0% to £341.9m (PG estimate £342.1m), with growth driven by expansion in the UK and Continental Europe. However, investor interest will be fuelled by the 103-basis point expansion in the gross margin. This achievement reflects the greater collaboration between the business units and highlights the benefits of the new management style being introduc
