BRITAIN'S biggest carpet retailer, Allied Carpets, yesterday rolled out a 215p per share price on its planned stock market flotation next week. The company will be valued at £189.3 million sterling when it joins the market on Tuesday.

The flotation price of 215p compares with the company's initial projection of between 205p and 235p, reflecting the more recent subdued market for new issues.

Asda is to sell its entire 40 per cent stake in Allied, raising about £65 million for the supermarket group.