Commercial flooring manufacturer and distributor James Halstead is on track for a record year, according to an update ahead of its results for the half-year to 30 December.

The company says that chairman Geoffrey Halstead told the annual general meeting on 5 December the he had every expectation of a record year in terms of turnover and profit and at this stage, with turnover around 6% ahead of the comparative six months, it seems clear that the first half year is in line with these expectations.

The update continues: "As a significant exporter the current weakness of the Euro is not helpful to our business but a stronger Sterling and the lower price of oil are compensatory in their effects on energy costs and raw material prices. "Confidence in the full year is unchanged and remains positive."