FTSE 100 shares dragged lower by miners and oil stocks
FTSE 100 shares ended down on Tuesday, led by miners and oil companies
Company
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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FTSE 100 shares ended down on Tuesday, led by miners and oil companies
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Merlin Entertainments is due to release fourth quarter trading update on Tuesday.
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Big names reporting this week: Aberdeen Asset, Merlin Entertainments, Daily Mail, Sage Group and Berkeley Group
A strategic move to exit wood flooring reduced sales in the final three months by 1.5%.
Main share price risers and fallers in London at 3.15pm
The top-share index spurned another chance to hit an all-time high.
Retail titans dominate the corporate schedule this week
The tile company says it continues to make good progress with its strategy of “out-specialising the specialists”
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"While we cut our forecasts by 1-3% to reflect weaker trends in London for the Midway division, we remain confident in Merlin's recovery potential in 2016/17," said the broker
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Oil & gas companies rise as Third Energy gets go-ahead for North Yorkshire project
Investments and investor services
The Footsie rose 21 points to 6157.6 and small-caps also gained
Investors have been buoyed by recent contract wins, though Wednesday's focus will be in the rear view of 2015's financial results.
The February trading update sent analysts scurrying to their calculators to upgrade their forecasts
On the corporate front, Topps Tiles will update the market on Wednesday.
It’s retail all of the way this week as the heavyweights reveal how they fared over crucial Christmas week.
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Sector bellwether John Lewis saw a 2.3% jump year-on-year to £129.2mln in the week to Boxing Day, which was ahead of expectations.
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It was a stress-free day for the bulls as the banks bounced higher after the results of the Bank of England's stress tests
The FTSE 100 Index increased 32.8 points to 6388.89 at lunchtime
Investments and investor services
RBS and Standard Chartered rose despite failing to meet all the stress test targets
The announcement, as with its September nine month update, is likely to see its June Alton Towers accident