Topps Tiles hit as sales decline June 1, 2011 SHARES in Topps Tiles fell almost six per cent yesterday to 63.75p after the wood and tile flooring firm posted lower underlying profit in the first half and gave a cautious outlook. It said like-for-like sales were down 2.1 per cent in the past seven weeks, compared with an increase of 1.8 per cent over [...]
Topps profit will hit forecasts September 27, 2011 STRUGGLING Topps Tiles said yesterday it will hit City profit forecasts for around £13m for the year despite the weak state of the high street. Shares in the UK’s largest tile and wood flooring retailer surged by more than 25 per cent, making it the biggest riser in the FTSE indices, after the announcement. The [...]
World stocks bounce back on Eurozone hopes September 27, 2011 The FTSE 100 tracked gains in Asia overnight as the mining sector – which has taken a battering over world economic growth fears – bounced back. World stocks rose for a third straight session with European shares up two per cent early on, as investors took comfort from reports that officials were working to add [...]
MADE IN CHELSEA DIAMOND HEIR DIGS DEEP FOR HIS NEXT VENTURE November 15, 2011 HIS FAMILY made their fortune digging for diamonds in the Congo and Sierra Leone, but Made in Chelsea stalwart Francis Boulle is interested in mines of a different kind. Fundmine, to be precise, an online investment platform that allows entrepreneurs to sell their company visions to private investors that has to date attracted £8.7m of [...]
Nightmare for Dreams as insurer pulls cover despite refinancing August 7, 2011 BED retailer Dreams has been hit with a vote of no confidence from the insurer of its suppliers, which suspended its cover of about a fifth of Dreams’ suppliers last week. Euler Hermes, which insures suppliers against their customers going bankrupt, put Dreams’ suppliers on notice that its cover would end in 30 days, leaving [...]
FTSE bounces four per cent as hope for euro plan grows September 27, 2011 BRITAIN’S top share index gained strongly yesterday, posting its biggest one-day percentage gain for 16 months, boosted by a rally from commodity stocks and advances by banks on increased hopes that European leaders will take decisive action to alleviate the region’s debt crisis encouraged investors. Banking stocks, among the most sensitive to the twists in [...]
Former Tory MP Jack gets the Topps job May 18, 2011 FORMER Tory MP Michael Jack has taken over as chairman of Topps Tiles after the company said yesterday Barry Bester had stood down with immediate effect. Jack, who represented Fylde between 1987 and 2010, joined the Topps board in 1999 and was its senior non-executive director. In addition to his role at Topps Tiles, the [...]
Topps Tiles is upbeat as it pays dividend November 30, 2010 BRITISH tile and wood flooring retailer Topps Tiles was yesterday upbeat on its prospects in the face of tough economic headwinds, saying its focus on customer service has paid off and it will restart its dividend. “I do not really see there being any reason why we cannot continue to take market share. But if [...]
Topps Tiles back on track after bleak summer sales September 29, 2010 TILE and wood flooring retailer Topps Tiles said yesterday full-year underlying profit would be within the range of analyst expectations following a pick-up in fourth-quarter sales growth. Topps Tiles, which trades from over 300 stores, said sales at stores for open over a year rose about four per cent in the last quarter of its [...]
BEST OF THE BROKERS January 11, 2011 BARRATT DEVELOPMENTS Panmure Gordon rates the housebuilder “buy” at a 147p target price as it believes the stock is the lowest-valued in the sector. It says Barratt has improved its operating performance, reduced costs and improved the quality of its offering since 2007, and the broker expects Barratt’s share price to rise to reflect this [...]