Victoria appoints new finance director
4th Jan 2016 08:47
(ShareCast News) - Floorcovering group Victoria announced the appointment of a new Group Finance Director on Monday. The AIM-listed company said Michael Scott would join the board in the position with immediate effect. Scott, 35, joins after eight years at Rothschild where he worked across a range
Read moreVictoria PLC completes Interfloor deal
11th Sep 2015 08:26
(ShareCast News) - Flooring manufacturer and supplier Victoria PLC has reached a deal to acquire Interfloor Group from Milestone Capital, Hutton Collins Partners and management for £65m in cash. The London-listed company said that as part of the transaction it has raised £30.8m through a 2.5m share
Read moreVictoria bags Australian carpet maker Quest
7th Aug 2015 09:22
(ShareCast News) - Floor coverings group Victoria Plc has acquired Australia-based rival Quest Carpet Manufacturers and Quest Carpet Manufacturers Unit Trust for up to a total of £16.4m. The deal will constitute an initial cash consideration of around £11.5m and a deferred cash consideration of £4.
Read moreSector movers: Redrow and Reckitt give household sector a lift
11th Feb 2015 14:51
Well-received results from builder Redrow and consumer products group Reckitt Benckiser meant the household goods and home construction sector was the best performer in London on Wednesday. Redrow's share price had surged over 12% to 333p by the afternoon session after the company impressed with a s
Read moreVictoria rolls out higher profits but warns on costs
17th Nov 2014 13:38
Carpet and floor covering retailer Victoria rolled out record first-half profits, but warned of higher raw material costs and said its debt had risen. Victoria said pre-tax profits from continuing operations rose to £2.4m from £0.5m a year ago on a 17.3% rise in revenue to £40.5m. The group bought
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreBuoyant UK home market and consumer confidence lift Victoria
29th Aug 2014 12:46
The buoyant British housing market and a consumer feel-good factor have helped carpet and floor-covering maker Victoria to move into the black. Victoria said it had benefited from signs of increased consumer confidence in the UK residential property market in the year to 29 March. Chairman Geoff W
Read moreFriday broker round-up UPDATE
29th Aug 2014 10:58
Arrow Global: Numis shifts target price from 285p to 287p and leaves its add rating unchanged. Berendsen: Oriel raises target price from 1130p to 1243p keeping a buy recommendation. British Polythene Industries: Investec ups target price from 720p to 750p reiterating a buy recommendation. bwin.pa
Read moreVictoria enters leaseback for manufacturing facility
19th Mar 2014 14:02
Victoria, the manufacturer and distributor of floor coverings, on Wednesday announced that it has entered into a sale and leaseback agreement with Monopro for its manufacturing facility in Kidderminster, for 5.8m pounds cash. The lease is for a 20-year term at an initial rent of £495,000 per year
Read moreThursday broker round-up UPDATE
19th Dec 2013 08:27
AstraZeneca: Alphavalue lowers target price from 3169p to 3087.7p and downgrades from reduce to sell. British American Tabacco: Panmure Gordon reduces target price from 3800p to 3200p and downgrades from buy to hold. Britvic: Investec ups target price from 600p to 672p and maintains a hold recomme
Read moreVictoria to acquire flooring firm Globesign
26th Nov 2013 14:23
Design-led carpet and floor-covering maker Victoria on Tuesday announced that it intends to acquire the entirety of UK peer Globesign for 16m pounds in cash and a further deferred consideration payable on achievement of certain annual and triennial financial targets. The transaction is being struc
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreVictoria nosedives as it moves into the red
29th Nov 2012 08:29
Shares of floor coverings specialist Victoria tumbled after it swung into a half year loss as it battles against tough market conditions, high costs and intense competition in an oversupplied market. The group, which issued a profit warning earlier this month, posted a pre-tax loss of £1.5m in the
Read moreVictoria pulls rug from investors with profit warning
12th Nov 2012 11:08
Flooring company Victoria has followed up a downbeat trading statement released on October 1st by issuing a full profits warning. The company, which provided the red carpet for William and Kate's royal wedding, said: "It is already apparent that the company is likely to break even at best for the f
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