Topps Tiles recovery continues
The UK's largest tile specialist Topps Tiles reassured investors of its turnaround progress as it posted a 2.1% increase in third quarter like-for-like revenues compared to a 1.9% decline in the same period a year earlier.
The UK's largest tile specialist Topps Tiles reassured investors of its turnaround progress as it posted a 2.1% increase in third quarter like-for-like revenues compared to a 1.9% decline in the same period a year earlier.
The tiles and flooring specialist said results for the third quarter are in line with management's expectations and the group remains confident of meeting market expectations for the full year.
The current range of analyst forecasts for adjusted pre-tax profit for the year ended 30 September 2012 is £11.5m to £14.0m, with a consensus of £13.0m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Topps Tiles said it opened three new stores and are currently trading from a total of 322 UK stores. It continues to target a total of 325 stores for the year-end.
The group said there have been no changes in the financial position of the group since its interim report for the half year ended 30 March 2012.
CJ
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
The five insurance policies you should have
Some insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
-
Is Donald Trump putting the US dollar in danger?
Donald Trump's administration sees one of its greatest advantages – the US dollar – as a burden. Gold is the obvious beneficiary, says Cris Sholto Heaton.