Carpet retailer warns over profits

Flooring retailer Carpetright has said its Irish operations continue to perform in line with expectations, despite sales dropping in each of its divisions outside of the UK.

In a trading update — covering the eight week period to March 22 — the Essex-based group said it expects at least a £4m (€4.8m) drop in underlying pre-tax profits for its current financial year; which runs until the end of April.

It marks the third time in the past five months that the group has negatively up-dated on its full-year profit expectations.