Victoria Share News (VCP)

Victoria Swings To Profit On Cost Cutting, But Outlook Still Weak

Monday broker round-up UPDATE

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

Victoria nosedives as it moves into the red

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

Victoria pulls rug from investors with profit warning

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

Monday broker round-up -UPDATE

Afferro Mining Inc: Investec retains buy recommendation and target price at 107p. Antrim Energy Inc.: Westhouse Securities keeps buy recommendation and target price at 70p. ASOS: Investec ups target from 2,450p to 2,675p, buy rating kept. Aveva: Investec keeps buy rating and 2,200p target. Bovis

Victoria floored after downbeat message

Carpet maker Victoria dropped almost 15 per cent after it said tough markets gave it little visibility going forward, with its Australian markets a particular cause for concern. The firm said it hoped to break even in the first half but overall group sales would be down on the equivalent period las

Byotrol Chairman makes double purchase following 'landmark agreement'

Ralph Kugler, the non-Executive Chairman of Byotrol, an anti-micorbial hygiene firm, has made a double purchase of shares in the same week the company made the announcement of a 'landmark agreement' with Kimberly-Clark Corporation. 56-year-old Kugler purchased 150,000 shares on Wednesday at 7.5p e

Victoria ups divi but warns on outlook

A big dividend increase wasn't enough to reassure investors who sold out of carpet maker Victoria after it warned of an uncertain outlook. Stripping out the cost of restructuring its Irish operation, the firm posted full year pre-tax profits of £2.21m, up almost 15% on the year before. Revenues in

Small caps round-up; Cyan, Victoria, Physiomics ...

Semiconductor company Cyan Holdings has reported that 16 firms have submitted proposals for the tender relating to the Tamil Nadu Electricity Board (TNEB) Automatic Meter Reading, and that five of these are based on the company's Cylec technology. TNEB is one of the largest electricity distributors

Friday tips round-up: Premier Farnell, Victoria, Sodastream

Premier Farnell's share price had risen by more than 50% since the start of 2010 before yesterday's 9% fall, so a correction was probably inevitable as soon as the electronics distributor undershot the market's forecasts. Though Asian markets such as China, sales up 14%, and India, up 50%, continue

Resilient Australian market boosts Victoria's profits

Carpet manufacturer Victoria's full year profits rose, bolstered by a strong performance in Australia, which proved to be a resilient market once again, while the company's key UK market finished the year on a robust note. For the year ended 2 April, Victoria's revenue rose 12% to £70.5m from £62.9

Small caps round-up: Enegi Oil, Assura, Pressure Tech...

Enegi Oil says the pressure results from the ongoing chemical soak at its PaP#1 Garden Hill South (GHS) well in Newfoundland are "positive". A second chemical soak is planned to improve connectivity even further. Chemicals and acid will be injected down the wellbore at a significantly higher pressu

Australian recovery for Victoria

A strong profit performance in Australia offset losses in the UK and Ireland and helped carpet manufacturer Victoria to improve its overall profit in the first half of the financial year. Revenues grew from £30.2m to £33.3m, with Australia contributing £20.9m - one-fifth higher than the year befor

Victoria 1Q Total Group Revenue Up 11.2%

LONDON (Dow Jones)--Victoria PLC (VCP.LN) said Wednesday total group revenue increased by 11.2% for the first quarter against the corresponding period in 2009. MAIN FACTS: -Australian revenue increased by 9.8% on a like-for-like basis; In the U.K., revenue increased by 1.1%, on a like-for-li

Victoria FY profit down by a quarter

Carpets & floorcoverings firm Victoria rolled out a 25% drop in full year pre-tax profit as the global downturn reined in consumer spending. Pre-tax profit fell to £1.09m for the year ended 3 April 2010 from £1.46m the same period a year earlier. Group revenue was up a touch at £62.97m from £62.2m