Headlam Share News (HEAD)

IN BRIEF: Headlam to meet 2023 expectations but warns of tough market

Headlam Group PLC - Birmingham, England-based floor coverings distributor - Expects 2023 results to be broadly in line with expectations, based on trading patterns observed to date. However, it notes the market in September and October was "weaker than expected", reflecting the impact of the cost-of-living crisis on the residential repair, maintenance and improvement market, as consumers cut back spending on home improvement projects. Headlam says that trading improved in November. For the eleven months to November 30, says revenue was flat year-on-year due to revenue decline in Continental Europe. "The group's strong cash generation, along with the positive medium-term prospects, enables us to continue to invest in broadening market presence and building capabilities, to position the business well as the market improves and volumes recover," it says.

SMALL-CAP WINNERS & LOSERS: Headlam and S&U hurt by trading caution

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

EARNINGS AND TRADING: Michelmersh Brick and Brickability trade in line

(Alliance News) - The following is a round-up of earning and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

LONDON BROKER RATINGS: JPMorgan cuts Tesco, B&M; Investec likes Relx

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

UK earnings, trading statements calendar - next 7 days

Headlam tumbles after profit warning, intends to reduce dividend

(Alliance News) - Shares in Headlam Group PLC slid on Thursday after warning underlying pretax profit for the year will be "significantly below current market expectations".

LONDON MARKET MIDDAY: Stocks up ahead of expected ECB rate hike

(Alliance News) - Stock prices in London were higher at midday on Thursday, ahead of a key interest rate decision from European Central Bank.

SMALL-CAP WINNERS & LOSERS: Global Auto ups takeover offer for Lookers

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

UK dividends calendar - next 7 days

LONDON MARKET CLOSE: Little joy for equities outside of US tech

(Alliance News) - Blue-chip equities in Europe ended lower once again on Thursday, with the FTSE 100 extended its losing streak to three days, as US debt ceiling worries continued to cast a dark cloud over stocks.

IN BRIEF: Headlam shares fall as margins take hit from lower volumes

Headlam Group PLC - Birmingham, England-based floor coverings distributor - Says revenue for the first four months of 2023 is 3.4% above the same period in 2022. However, volumes in the residential sector market are down due to the current economic environment and, in particular, weak consumer confidence. Headlam says lower residential volumes, coupled with the moderation in price increases, have reduced gross margin in the first four months of the year. It adds that it is deploying "several mitigating actions" to fight back. For 2022, Headlam reported pretax profit of GBP41.8 million on revenue of GBP663.6 million.

SMALL-CAP WINNERS & LOSERS: Henry Boot up as starts year well

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Headlam warns of weak residential sector despite revenue rise

(Sharecast News) - Floorcoverings distributor Headlam reported a robust revenue performance in the first four months of the year on Thursday, amid ongoing market share gains.