Topps Tiles (TPT)

Sector:

Retailers

Index:

FTSE Small Cap

42.60p
   
  • Change Today:
    -2.10p
  • 52 Week High: 53.60
  • 52 Week Low: 39.00
  • Currency: UK Pounds
  • Shares Issued: 196.67m
  • Volume: 309,952
  • Market Cap: £83.78m
  • RiskGrade: 190

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CMA orders Topps Tiles to keep CTD acquisition at arm's length during probe

By Josh White

Date: Thursday 03 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Topps Tiles updated the market regarding its recent acquisition of CTD Tiles, which included 30 stores, selected stock, and intellectual property for £9m, on Thursday.

The London-listed firm said the Competition and Markets Authority (CMA) had issued an initial enforcement order (IEO) under the Enterprise Act in relation to the acquisition.

It said the IEO - a standard measure in cases involving completed transactions under CMA review - required Topps and its subsidiary, Tiles4Less, to maintain the CTD business as a separate entity and refrain from any further integration until the review was concluded.

Topps said it was cooperating with the CMA to ensure full compliance with the order.

At 1159 BST, shares in Topps Tiles were down 2.02% at 42.13p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Topps Tiles Market Data

Currency UK Pounds
Share Price 42.60p
Change Today -2.10p
% Change -4.70 %
52 Week High 53.60
52 Week Low 39.00
Volume 309,952
Shares Issued 196.67m
Market Cap £83.78m
RiskGrade 190

Topps Tiles Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.31% above the market average19.31% above the market average19.31% above the market average19.31% above the market average19.31% above the market average
19.05% above the sector average19.05% above the sector average19.05% above the sector average19.05% above the sector average19.05% above the sector average
Price Trend
6.77% below the market average6.77% below the market average6.77% below the market average6.77% below the market average6.77% below the market average
9.52% below the sector average9.52% below the sector average9.52% below the sector average9.52% below the sector average9.52% below the sector average
Income
85.54% above the market average85.54% above the market average85.54% above the market average85.54% above the market average85.54% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
73.83% below the market average73.83% below the market average73.83% below the market average73.83% below the market average73.83% below the market average
47.62% below the sector average47.62% below the sector average47.62% below the sector average47.62% below the sector average47.62% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Topps Tiles Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Jun-24 21-Dec-23
Paid 12-Jul-24 02-Feb-24
Amount 1.20p 2.40p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 12,212 @ 42.60p
16:35 2,944 @ 42.60p
16:35 5,984 @ 42.60p
16:35 237 @ 42.60p
16:35 2,911 @ 42.60p

Topps Tiles Key Personnel

CEO Robert Parker
CFO Stephen Hopson
Chair Paul Forman

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