Skip to content

Three Quick Facts: Vertu Motors, Topps Tiles and Tesco


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

#1. Vertu profit forecast upgraded

Half-year numbers are out from Vertu Motors LON:VTU today, highlighting the benefit of continued strong margins which are winning out against volume shortfalls. Revenues grew by 3.9% and the board has advised that full year profits should now come in ahead of market expectations.

#2. Topps Tiles’ second year of record sales

Topps Tiles LON:TPT issued a Q4 trading update today, reporting a second successive year of record sales, with the company’s move into the commercial market via its new Parkside brand being seen as helping drive growth. The target of a 20% market share by 2025 remains very much in focus and average store sales are up some 25% from pre-pandemic levels.

#3. Tesco group sales up – but lagging inflation

Interims from the supermarket giant Tesco LON:TSCO are out this morning, with headline group sales up by 3.3%. Shareholders are set to be rewarded with a 20% uptick in the interim dividend which is likely to attract some criticism given the backdrop of rising prices.  The board has also narrowed down its full year profit projections, which are now forecast to come in at around £2.5bn, towards the lower end of the range announced in April.

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.

CME Group
FP Markets

Back To Top