UK's Topps Tiles jumps on higher H1 earnings

Topps Tiles

20/05/2025 09:00

** Shares of Topps Tiles TPT.L jump as much as 7.4% to 36.3p, stock among top pct gainer on FTSE Small Cap .FTSC index

** Co's six-month pretax profit came in at 3.2 million pounds  ($4.28 million), up 3.2% Y/Y; group revenue up 4.1% Y/Y

** The UK tile retailer says it is well-positioned to achieve sales and profit growth this year

** Co declares interim dividend of 0.8p, says its full-year dividend to be at least consistent with FY 2024

** Says CEO announcement on track for H2

** Two brokerages rate the stock "buy" or higher, while one suggests "hold"; their median PT is 66.8p - data compiled by LSEG

** Stock down 4.4% YTD

($1 = 0.7471 pounds)

 (Reporting by Amna Mariyam in Bengaluru)

 ((Amna.mariyam@thomsonreuters.com))