Berenberg upgrades target price for Topps Tiles, confident in earnings margins acceleration
2nd Jul 2015 13:09
Berenberg upgraded its price target for Topps Tiles and said it believed earnings margins could accelerate faster than anticipated. On Wednesday the flooring specialist said like for like revenue for the third quarter increased by 5.9%, reflecting continued growth in market share. Analysts said thi
Read moreTopps Tiles surges after first half results
19th May 2015 13:49
Shares in Topps Tiles surged nearly 6% on Tuesday after the company posted a 13.8% jump in first-half pre-tax profit, driven by an increase in revenue. Adjusted pre-tax profit came in at £9.1m from £8m in the same period last year, with revenue up 6.4% at £104m. Like-for-like sales rose 5.3%, but t
Read moreTopps Tiles expects interim revenue to increase
25th Mar 2015 08:25
Tile and wood flooring group Topps Tiles expects half-year revenue to increase 6.4% to £104m. In a statement released on Wednesday, the London-listed group said like-for-like revenues for the period are estimated to increase 5.2%. "These trading results compare to a particularly strong period in th
Read moreTopps Tiles hikes full year dividend 50% after excellent year
25th Nov 2014 08:52
Specialist retailer Topps Tiles has rewarded investors with a 50% increase in its full year dividend after enjoying what it called an "excellent" year. With total sales rising 9.8% to £195.2m in the 52 weeks to 27 September, underpinned by like-for-like growth of 8.1%, with management's focus on tak
Read moreTopps Tiles sees higher profits after "excellent" year
24th Sep 2014 07:56
Tiling retailer Topps Tiles forecast higher sales and profits after what it described as an excellent year's trading. Topps said revenue in the year to 26 September should be about £195m against £177.8m a year ago. Like-for-like revenues are expected to increase about 8% on the prior year, when t
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreTopps Tiles has good Q3 and stays on track for full year
2nd Jul 2014 07:41
DIY retailer Topps Tiles reported upbeat trading in the third quarter and said it was on track to hit annual targets. Topps, which has 330 shops, said like-for-like revenues in the 13 weeks to June 28th increased 6.3% after falling 1.5% in the same quarter last year. "The third quarter performance
Read moreTuesday broker round-up UPDATE
17th Jun 2014 09:45
Aquarius Platinum: UBS cuts target price from 41p to 24p and keeps a neutral rating. BAE Systems: Berenberg initiates with a target price of 455p and a hold recommendation. British Land: Deutsche Bank ups target price from 520p to 580p, but still recommends selling. Capital & Counties: Deutsche B
Read moreWednesday tips round-up: Vodafone, Topps Tiles
21st May 2014 06:41
Shares in the UK's largest tile and wooden flooring specialist, Topps Tiles, have not escaped the sell-off which has laid many small company shares low since the start of March. As the company explained to investors on Tuesday, however, it has enjoyed a 'good start' to the second half. Boosted by hi
Read moreHigher consumer confidence boosts Topps Tiles
20th May 2014 07:55
People doing more DIY as the British economy picked up helped tiling retailer Topps Tiles to rack up higher first half sales and profits. Topps, which has 330 shops, said trading conditions "undoubtedly improved" during the period as consumer confidence increased. Pre-tax profit in the 26 weeks to
Read moreOriel reviews 'hold' on Carpetright after profit warning
26th Mar 2014 11:07
Oriel Securities is reviewing its recommendation on Carpetright after the floor covering retailer warned on annual profits. The broker said it was reviewing its 'hold' advice after Carpetright said it expected underlying pre-tax profit in the year to April 26th to be between £3.5m and £5.5m, agains
Read moreTopps Tiles sees higher H1 revenue and profit, but costs rise
25th Mar 2014 07:36
Tiling retailer Topps Tiles predicted higher first-half revenue and profit, but said better trading and higher staff bonuses would force up costs. Topps, which has 330 shops across the UK, said good second quarter trading would help it to report an 11.6% year-on-year rise in revenue to about £97.5m
Read moreWednesday newspaper tips: Topps Tiles, Costain
8th Jan 2014 08:33
Tile and wooden flooring specialist Topps Tiles on Wednesday unveiled a sharp 9.3 per cent rise in like-for-like sales for the first quarter. Not only that, the company's statement shows that the pace of sales has been accelerating, hitting roughly an 11.2 per cent clip in the last four weeks of the
Read moreTopps Tiles sales surge beats forecasts
7th Jan 2014 08:34
- Forecasts busting sales - Started new financial year strongly - Cautiously optimistic about future trading Flooring specialist Topps Tiles reported a better-than-forecast rise in trade over the last month and said it started its new financial year on a strong footing. The group, which now operat
Read moreWeek ahead: Economic data, central banks and retailers in focus
3rd Jan 2014 12:00
Activity on financial markets is expected to ramp up significantly next week as trading returns to normal following a relatively quiet festive season in terms of corporate news and economic data. "The first week of each month is typically the busiest", according to Market Analyst Craig Erlam from
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