Wallcoverings and furnishings brands owner Colefax (LON:CFX) reported a one-fifth decrease in interim profit and this has led to downgrades for the full year. Even so, the dividend is still expected to be increased and Colefax has a strong base that will enable it to weather the uncertainty of the next couple of years.
Brands include Colefax and Fowler, Jane Churchill, Cowtan & Tout, Manuel Canovas and Larsen.
The medium-term outlook does not offer much hope of improvement. There are no firm signs of a post-election boost in the UK. Europe does not offer much optimism, either, while ...
