Trading in the first three months of the year has remained resilient with Group revenue +0.6% on a constant currency L4L basis, driven by the UK at +1.0% L4L and South Africa at -0.6% L4L CC. It has been a busy start to the year for Norcros with the disclosure that Johnson Tiles South Africa was being closed followed by the announcement of the acquisition of FIBO in Scandinavia. The former was more expected but Zeus view both as positive developments and fitting with the Group’s strategy of beco ....
