The City View: Crossrail finally arrives May 24, 2022 Today Andy Silvester talks to Adam Tyndall, Programme Director for Connectivity at London First. They talk all things Crossrail — from the first idea of an East-West railway in the 19th century, to the funding behind the Elizabeth Line, and to the future of London’s transport system. And in other news — Shell’s AGM was [...]
Topps Tiles shares go through the roof as full-year profits race ahead of expectations October 3, 2018 Topps Tiles shares are soaring ahead this morning after it said pre-tax profits for the year would be at the top end of market expectations. Shares in the tiling business rose as much as 11 per cent and are now are trading 10 per cent higher. A trading update said adjusted revenues for the 52 weeks up [...]
Homebase makes early return to profit as turnaround plan pays off February 27, 2020 Homebase today said it had returned to profit earlier than expected after its turnaround plan helped deliver strong growth. The DIY retailer reported earnings before interest, tax, depreciation and amortisation of £3.2m for the year, up from a £114.5m loss in 2018. Homebase has embarked on a radical turnaround strategy after it was bought by [...]
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 [...]