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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Victoria still facing uncertain demand across most markets

(Sharecast News) - Flooring specialist Victoria said in an update on Thursday that it continued to outperform a number of its competitors during the first quarter of the financial year.# The AIM-traded firm, which was holding its annual general meeting, did highlight ongoing uncertainty in demand across most of its primary markets, however.

Its cautious stance on near-term trading conditions aligned with the outlook shared in June alongside its 2024 results.

Executive chairman Geoff Wilding expressed optimism about a robust recovery driven by factors including wage growth catching up with recent consumer inflationary pressures, improved consumer confidence, an increase in housing transactions, and a decrease in interest rates.

At 1503 BST, shares in Victoria were down 2.06% at 161.6p.

Reporting by Josh White for Sharecast.com.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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