Confidence hits new low but spending climbs amid sunny weather April 9, 2019 Confidence in the UK economy tanked to its lowest level in five years last month, as shopping sentiment wavered in the wake of Britain’s imminent departure from the EU. Uncertainty over Brexit has pushed confidence to its lowest level since Barclaycard began recording data in 2014, with almost seven in ten respondents saying they are [...]
Coronavirus dividend cuts produce £4.4bn hit to investor portfolios March 27, 2020 With more UK firms announcing coronavirus-fuelled dividend cuts this week, the total loss of investor income so far this year is now £4.4bn. The pace of dividend cuts is accelerating as coronavirus wreaks havoc on world economies. In March 116 companies have suspended their dividends totalling £4.2bn, according to investment fund AJ Bell. That compares [...]
Topps Tiles shares lead the way on the small cap today November 29, 2016 Topps Tiles' shares were the best performers on the FTSE Small Cap today, jumping four per cent in trading after revealing its full-year financial performance. The figures Annual revenues nosed up just 1.3 per cent to £215m but profit before tax jumped 7.8 per cent to £22m. Gross margins – the incremental additional profit made on each unit sold [...]
Last Week in the City: Trade wars begin July 6, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (2 to 6 July 2018). The World Cup is “distracting” for participants in global markets, according to Citigroup. "We find that football is indeed distracting, subtly impacting market depth, traded volumes and execution cost,” the US [...]
Topps Tiles share price slides after company warns on low consumer confidence October 5, 2016 Topps Tiles said this morning that it had been hit by the fall in consumer confidence following the Brexit vote. After the company announced a slowdown in like-for-like sales growth to 1.4 per cent its share price slid more than six per cent. The sales dip was in part to due to a strategic change to [...]
Topps Tiles stacks up sales growth as buyers opt for home improvements July 6, 2016 Topps Tiles' chief executive said today that it was too early to know what the effects of Brexit will be as the company posted strong results. The figures Topps Tiles said like-for-like sales were up by 6.2 per cent for the 13 weeks to 2 July, compared to sales growth of six per cent in the same period [...]
Topps Tiles sales grow as consumers give new strategy thumbs up April 6, 2016 There's one area of life that uncertainty around Brexit isn't slowing down: DIY. Topps Tiles' second quarter figures out this morning show a rise in sales as the business continues to make progress under its new strategy. The figures Second quarter revenues rose 4.9 per cent in the three months to 2 April. Total revenues for the [...]
City Moves for 19 January 2017 | Who’s switching jobs January 19, 2017 GFT Technologies Christian Ball has been appointed head of retail across the Atlantic region at GFT, a provider of business, technology and design consulting to global banks. Christian brings extensive experience with him to spearhead GFT’s retail banking team and is joining the firm from Meniga, one of the top-performing fintech companies in Europe. In the [...]
Topps Tiles nails start to the year as Britons spruce up their homes January 6, 2016 Topps Tiles enjoyed a jump in sales over the last three months, thanks to improving consumer confidence and a rise people doing up their homes. Like-for-like sales increased by 4.4 per cent in the first 13 weeks of its new financial year to 2 January. That compared with a 5.2 per cent rise in the same [...]
Topps Tiles profits rise by a fifth as homeowners go on shopping spree December 1, 2015 Topps Tiles said profits jumped by a fifth last year, thanks to a surge in people doing up their homes and the retailer’s own efforts to modernise its brand and its stores. The FTSE 250 retailer reported a 19.3 per cent jump in pre-tax profits to £20.4m in the year to 3 October. Revenue rose [...]