Carpetright sinks as it looks to EU stores for growth

Shares in UK floor covering retailer Carpetright plummeted more than 8% on the back of it saying sales performance in its core home market remained negative through the third quarter of its financial year.

The company said, in a trading update for the three months to the end of January, that core like-for-like sales in the UK "remained negative for the period", but added the trend had improved from that of the first half of its financial year.