Shares in Topps Tiles fell more than 3% in early Wednesday trading after the retailer warned that its full-year profits would come in at the lower end of market expectations.Topps chief executive Matthew Williams said tougher market conditions had prevailed as the housing market slowed.Topps is listed on the FTSE 250 index, which was down 0.23% at 19,990.10.At the same time, the blue-chip FTSE 100 was up 0.1% at 7,475.61, with Tesco its biggest gainer, up 1.6%.The supermarket chain announced a big rise in first-half pre-tax profit to £562m as sales rose for the seventh quarter in a row.On the currency markets, the pound edged up 0.06% against the dollar to $1.3247 and was flat against the euro at €1.1273.
Source: BBC News