Skip to content

Three Quick Facts: Lookers, Hilton Foods, Topps Tiles

*

Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Lookers profit upgrade for FY23

Full year numbers are out from Lookers LON:LOOK this morning. Revenues have added more than 6% although inflation and rising interest rates have taken a toll on profitability, which sits around 10% lower. Shareholders are being rewarded with a 20% uptick in dividends, the new financial year has started in a robust manner and management have as a result upgraded expectations for PBT in FY ’23.


#2. Hilton Food Group revenues jump but inflation erodes margins

Preliminary results from Hilton Food Group LON:HFG are in today with revenues up 16% and volume growth of 4.3% be recorded. However the unprecedented inflation situation compounded by challenges with the company’s UK seafood business took a toll on margins, with this filtering through to profitability.

#3. Topps Tiles record sales run continues

Topps Tiles LON:TPT has issued a trading update for the six months to 1st April. Record revenue performance continues to be achieved, with like for like sales up 4.3% against the comparative although gross margins are under pressure as a result of inflation. An easing of supply chain issues are now however being seen, which is bolstering confidence over the medium term.

Looking for great investing ideas? Sign up to our free newsletter.

Join us on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
TMX
WisdomTree
Back To Top