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Slew of retailer trading updates to continue, Sainsbury's takes supermarket focus
The post-Christmas assessment of the high street will carry on unabated on Wednesday, with updates expected from Ted Baker, Topps Tiles and Majestic Wines
Company
Topps Tiles PLC
LON:TPT
Topps Tiles PLC is engaged in the retail and wholesale distribution of ceramic tiles, wood flooring and related products. The company operates in three retail operating divisions: Topps Tiles (Topps), Tile Clearing House (TCH) and Topps Floorstore (Holland). The wholly owned subsidiaries of the company are Topalpha Limited, which is engaged in property management and investment; Multi Tile Limited, which is engaged in retailing and wholesaling of ceramic tiles, wood flooring and related products; Topps Tiles Holdings, which is an intermediate holding company; Topps Tiles Distribution Limited, which is engaged in the wholesale and distribution of ceramic tiles, wood flooring and related products; Topps Tiles (UK) Limited, which is engaged in the retailing and wholesaling of ceramic tiles, wood flooring and related products, and Topps Tiles Holdings BV, which is engaged in retailing and wholesaling of ceramic tiles, wood flooring and related products. Topps Tiles is traded in the ISDX Exchange HERE
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Archive
Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Topps Tiles sees full-year profit drop, current like-for-like sales fall amid ‘challenging’ trading conditions
The UK’s largest tiles specialist saw its adjusted pre-tax profit fall to £16.0mln for the 52 weeks ended 29 September 2018, down from £18.6mln a year earlier
Archive
Troubled retail sector in focus as Quiz, Topps Tiles and Pets at Home report latest results
The day ahead includes full year results from Topps Tiles and Pets at Home along with interims from Quiz and Pennon
redT energy raises £5mln while it looks for strategic partners
Some of the main risers and fallers in London on Wednesday...
Topps Tiles shares soar on profit uplift after strong summer
After a good fourth quarter, the tile retailer now expects adjusted pretax profits for the year to be slightly ahead of the top end of the current range of market expectations
Topps Tiles' cautious outlook prompts house broker to cut price target
Liberum expects the consensus forecast for the tiles retailer's profit before tax to drop by around 5% after this morning's trading update
Topps Tiles comes unstuck in the hot weather
The company's response to tough trading conditions has been to invest in its customer offer - in particular through retail promotional activity and continued price leadership in the trade segment
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McKay Securities shares rise as it hikes final dividend after ‘exceptionally productive year’
A look at some of the top rises and fallers in London on Tuesday
Investments and investor services
J Sainsbury will be in focus but few fireworks expected in London on Wednesday
Wednesday is US Independence Day, meanwhile, the hangover from England's big game may leave London welcoming a light diary.
Archive
Housebuilders and retailers take centre stage as slew of firms release latest results
The week ahead will see quarterly results from Sainsbury's and AB Foods, trading updates from Bovis Homes and Persimmon, and full year earnings from SuperDry
AO World posts double-digit sales growth for year just gone but remains “cautious” on outlook
AO isn’t the only UK retailer struggling in its home market at the moment, Carpetright, Topps Tiles and Dunelm have all posted weaker updates in recent weeks
First-half profits plunge at Topps Tiles but full-year guidance unchanged
A toxic combo of bad weather, an earlier Easter, weaker consumer confidence and higher costs saw pre-tax profits plunge by a third, but investors were encouraged by the unchanged full-year guidance
FTSE 100 continues record-breaking run but big retailers lag
The UK blue chip index closed around 18 points higher at 7,877
Archive
Retail results whirl to start low-key with numbers from Halfords and Topps Tiles
The day ahead includes full-year results from Halfords Group and from Harry Potter books firm Bloomsbury Publishing, plus first-half numbers from Topps Tiles
Investments and investor services
ULS Technology shares slide as CEO poached by Mortgage Advice Bureau
A look at some of the biggest risers and fallers in London on Wednesday
Topps Tiles cautious of market conditions after second quarter sales drop
The UK tiles retailer said it was "clear" there has been a softening in the market
FTSE 100 closes positively, just, but miners weigh
The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging
Topps Tiles will have felt the chill
The heavy snowfall in many parts of the company will most likely have stopped Topps Tiles' like-for-like sales growth stone cold.
Archive
Topps Tiles, IAG, easyJet, Electrocomponents and US jobs in focus after Easter break
The week ahead includes interims from Topps Tiles, traffic statistics from easyJet and IAG, a trading statement from Electrocomponents and the US non-farm payrolls report