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The FTSE small cap index rises 0.5 percent while the junior-listed FTSE AIM All Share Index closes up 0.7 percent, gaining slightly less than a 1.4 percent rise on the blue-chip FTSE 100 index. The FTSE 250 mid cap index rises by 1.5 percent. United Carpets jumps 44 percent to 4.50 pence af
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- Improved half-year profit - Revenue slips, gross margins improve - Confident for future opportunities in a challenging market United Carpets reported improved half-year profit and said while it does not anticipate an upsurge in consumer spending in the short term, it does hopes to gain market sh
Read moreAZ Electronic Materials: Goldman Sachs moves target price from 440p to 450p and retains a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 667p to 679p, while downgrading to hold. British American Tabacco: Investec places its target price (previously 3350p) and buy rec
Read moreUnited Carpets, a floor coverings specialist, saw its shares plunge by a third on Monday morning after trading of its shares resumed. The group suspended trading of its shares back in August, when it was unable to issue financial results within the timeframe specified by AIM rules. However, follo
Read moreUnited 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'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 moreFloor 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 moreShares 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 moreStock 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 moreStocks 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 moreStocks 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 moreCarpet 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 moreBritain'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 moreE-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 moreElectrical 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
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