Bathroomware company Italtile, which owns CTM and U-Light, says it continues to benefit from increased pandemic-induced demand for home improvement, expecting a more than two-thirds rise in profit in its financial year should conditions persist.

More time at home, less spending on travel and entertainment, as well as low interest rates have all been cited as factors behind strong sales growth for Italtile, which earned almost as much headline profit in its half-year to end-December than in the preceding full financial year...