Headlam shares jump over 6% as flooring specialist cashes in on £54m property deals
2025-05-06 08:47:20
Shares in Headlam surged on Friday following the flooring specialist's announcement of a significant profit from property disposals totalling £53.9m.
The Birmingham headquartered company also shared that its chairman, Keith Edelman, is set to retire in May 2025, with Stephen Bird, ex-CEO of software company Videndum, poised to take over, as reported by City AM.
The property sales involve two separate deals, including assets in Ipswich, Gildersome, Leeds, and Uddingston, Scotland. Headlam anticipates a "substantial profit" f
