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Topps Tiles warns on profits as weak RMI demand persists

Like-for-like sales trend worsensProfits to be second-half weightedLiberum halves FY24 estimatesLike-for-like sales tumbled 11.3% in the second quarter at Topps Tiles (TPT) amid persistently subdued demand in the UK RMI (repair,...

03 April 2024
Profit rebound and raised payout send Hilton Food to 12-month high

Earnings per share top forecastsSeafood business back on trackGroup looking at growth optionsShares in FTSE 250 fresh goods packaging firm Hilton Food (HFG) climbed 2.1% to a new year-high of 872p in early trading after the firm...

03 April 2024
FTSE 100 gets boost from return to growth in UK manufacturing

The FTSE 100 got a boost in London on Tuesday at midday, thanks to the UK manufacturing sector returning growth in March.The FTSE 100 index was up 23.76 points, 0.3%, at 7,976.38. The FTSE 250 was down 58.37 points, 0.3%, at...

02 April 2024
JD Sports stars as stocks end firmly in the green

Stocks in London headed into the long weekend on the front foot, outperforming their European peers.Markets in London will now shut for two public holidays, Good Friday and Easter Monday. They will reopen on Tuesday.The FTSE 100...

28 March 2024
FTSE firms 0.3% as JD Sports jumps, but water utilities come under pressure

Stocks in London were up on Thursday midday, with JD Sports shares in the FTSE 100 jumping as it outlined its financial 2025 profit forecast, while water utilities struggled.The FTSE 100 index was up 20.39 points, 0.3%, at 7,952.37....

28 March 2024
AO World sparks up 13% on raised profit guidance and return to sales growth

Q4 sales return to growthFull year pre-tax profit to be at least top of rangeMedium-term margin guidance of 4%AO World (AO.) was one of the top FTSE 250 gainers rising as much as 13% after the online electricals retailer said it...

28 March 2024
Upbeat investors await pivotal Good Friday PCE data | Wall Street Week

Many investors had high hopes going into 2024. The market?s robust first-quarter rally still managed to surprise them. Resilient corporate profits, enthusiasm around AI and hopes that the Fed will cut rates have given investors...

28 March 2024
FTSE 100 opens higher with JD Sports leading top performers

London?s FTSE 100 traded higher after the opening bell on Thursday, despite some share price pressure on water utilities as woes at Thames Water deepened, while JD Sports led the way among the large-caps.The FTSE 100 index opened up...

28 March 2024
Next shares reach new all-time high as earnings top estimates

Shareholders in retail bellwether Next (NXT) were breaking out the champagne after the stock price hit a new lifetime high on the release of forecast-beating results for the year to January (21 March).Full-price sales rose a...

28 March 2024
What do European companies really care about right now?

If a management team is any good at running a public company then the numbers contained in a results statement should often be something of a non-event.It means those at the top have done a good job of setting expectations for...

28 March 2024

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