Headlam profits slide 45%
19th Mar 2010 07:29
Profits nearly halved last year at flooring specialist Headlam though sales picked up in the second of the year and moved forward in the last three months. Pre-tax profits dropped 45% to £22m in 2009 from £40m, on sales of £534m, down 4%. The UK businesses collectively declined by 6.1% on a like f
Read moreFriday preview: Headlam, T Clarke
18th Mar 2010 17:26
Floorings specialist Headlam's has already flagged that 2009 revenue reduced by 3.8% compared with the previous year, but a £12m currency benefit and full year contribution from Dutch business Silvester will mean earnings are solid enough. Headlam added that, overall, trading in the UK during the l
Read moreSmall Cap round-up: Headlam, Inspired Gaming, IQE...
19th Jan 2010 10:38
Floorings specialist Headlam's 2009 revenue reduced by 3.8% compared with the previous year, but a £12m currency benefit and full year contribution from Dutch business Silvester will mean earnings for 2009 are likely to be slightly ahead of market expectations. Headlam added that, overall, trading
Read moreHeadlam sees rise in LFL sales in November
20th Nov 2009 00:49
Floor coverings distributor Headlam group said the decline in like for like sales has slowed in the second half of the year in the UK operations. After reporting an 8.2% year on year like for like UK sales decline in the first half of 2009, the company saw the year on year fall narrow to 7.5% in th
Read moreLondon close: Stocks pull out of tailspin
14th Jul 2009 17:09
Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn
Read moreLondon afternoon: Footsie climbs despite weak retailers
14th Jul 2009 14:10
London's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar
Read moreLondon midday: Early gains are consolidated
14th Jul 2009 12:11
The Footsie is trading sideways, holding on to gains after a bright start. Inflation data was much as expected, with the inflation rate falling below the Bank of England's 2% target for the first time since September 2007 last month. The Office for National Statistics (ONS) revealed a drop in consu
Read moreLondon open: Early gains for Footsie
14th Jul 2009 08:41
London's blue chips have made early gains after the hundred-point plus surge on Wall St overnight. Miners are leading the way with Fresnillo, Lonmin, Xstrata and Rio Tinto all going well. Defensive stalwarts are the weak spots with Diageo, Imperial Tobacco and Reckitt Benckiser all lower. Enginee
Read moreLondon pre-open: Bright start expected
14th Jul 2009 07:40
Footsie is expected to rise after last night's good showing on Wall Street. Engineering conglomerate Melrose is trading in line with expectations for the full year and said cash generation during the first six months of 2009 has been 'excellent'. Net debt has reduced by £127m since 31 December 2008
Read moreHeadlam sales slide stabilises
14th Jul 2009 07:26
Flooring group Headlam continues to struggle in tough market conditions with first half sales to June down by 8.2%, a slight inmprovement on earlier in the year. Like for like revenue in the UK fell by 10.7% and by 9.7% in Continental Europe, though the impact of currency translation increased reve
Read moreHeadlam total revenue down 8.5%
18th May 2009 15:39
Europe's leading floorcoverings distributor Headlam said total group revenue fell 8.5% during the first four months of 2009. Overall, UK revenue decreased by 11.8%, but after adjusting for the differences in working days during the two periods, due to Easter, like for like performance in the UK dec
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