Restructured United Carpets to resume Aim trading
22nd Feb 2013 10:32
United Carpets issued a pained final results statement for the year to October 5th, stating that the period had been "extremely challenging". The group suffered a £2.6m loss for the period, as exceptional costs of £3m followed on from impairment costs and expenses associated with store closures. Li
Read moreLondon close: All eyes turn to Greece
15th Jun 2012 16:52
London's top-share index peaked at 5,523 shortly after 10:00 and even fell into the red in the afternoon session just after 15:00 before rallying to close with a modest gain. The fast start was prompted by two things, both relating to banks. The first was reports that central banks stand ready to
Read moreSmall caps round-up: United Carpets, PLUS, Tristel and Phaunos
15th Jun 2012 14:59
Floor coverings seller United Carpets has had to terminate a number of struggling franchises this year, which is likely to have a detrimental effect on the performance of the group, as it is proving increasingly challenging in the current environment to turn around failing stores. PLUS Markets Grou
Read moreTuesday tips round-up: Electrocomponents, United Carpets, Phytopharm
19th Jul 2011 06:33
Shares in Electrocomponents are currently 22% below their peak in May and 9% below the price when its smaller rival Premier Farnell came out with a shock profit warning a week into July. This suggests either that both companies, distributors of a huge range of electronics products, are running into
Read moreLondon close: record gold price = scared investors
18th Jul 2011 16:03
Stock markets fell across the board today as concerns persist over European and US sovereign debt. Friday's European banking stress tests were seen as something of a damp squib by markets after they failed to adequately analyse the impact sovereign debt default would have on the Continent's banks.
Read moreLondon midday: Stress test results cast shadow
18th Jul 2011 12:15
Stocks are firmly in the red after Friday's European Banking stress tests. Eight European banks failed stress tests drawn up by the European Banking Authority (EBA). Five Spanish banks - Catalunya Caixa, Pastor, Unnim, Caja3 and CAM - and two from Greece - ATEbank and EFG Eurobank - were deemed not
Read moreLondon open: Stocks stressed after banking tests
18th Jul 2011 08:20
Stocks have taken a bit of a tumble after the release of the results from banking stress tests after the close on Friday. Eight European banks failed stress tests drawn up by the European Banking Authority (EBA). Five Spanish banks - Catalunya Caixa, Pastor, Unnim, Caja3 and CAM - and two from Gree
Read moreUnited Carpets rolls out 13% profit increase
18th Jul 2011 07:11
Carpet and flooring retailer United Carpets rolled out a 13% increase in annual pre-tax profit as total like for like sales fell by 1.4% in the first 15 weeks of the new financial year. For the year ended 31 March 2011 revenue was unchanged at £27.5m while pre-tax profit rose to £1.243m from £1.09
Read moreUnited Carpets flags 'slow' 2010
9th Aug 2010 07:53
Britain's second largest carpet and flooring retailer, United Carpets, improved profits during the year to March, but admitted that trading has been slow since the start of 2010. Profit before tax and exceptional items grew 7.3% to £1.46m on revenue up 2.5% to £27.47m. Sales on a like for like basi
Read moreSmall cap round-up: ILX, Ideal Shopping, Provexis...
17th Dec 2009 12:03
E-learning company ILX has won three contracts that are expected to produce revenues of more than £0.27m over the life of the contracts. The first contract is to provide project management training to a major government department over a period of three years. The other two contracts are for overse
Read moreSmall caps round-up: e2v, Namakwa Diamonds, Instore ...
29th Oct 2009 10:52
Electrical component maker e2v technologies posted a sharp fall in revenues in the six months to September 30 but managed to stay profitable by cutting costs in areas such as marketing and travel. Pre-tax profits fell to £2.6m from £3.1m over the same period the previous year as revenues slid to £9
Read moreSmall caps round-up: BTG, Arbuthnot, United Carpets...
29th Jul 2009 11:02
BTG shares rallied as its partner AstraZeneca confirmed its intention to progress severe sepsis treatment CytoFab into a Phase IIb study. This decision follows the successful completion by AstraZeneca of a Phase IIa study of CytoFab in 70 patients with severe sepsis. Arbuthnot Banking made a "satis
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