Latest news with #Marshalls
Daily Mail
5 days ago
- Business
- Daily Mail
Building products group Marshalls shares tumble as sales fall
Marshalls warned that it does not expect the landscaping market to pick up throughout the rest of the year, sending shares tumbling. The building products group said profits have been hit by a necessity to slash prices to maintain market share. Sales in its key landscaping products division fell 1 per cent to £135m over the six months to June 30, as margins were squeezed by price pressures. It slashed its profit forecast to between £42m and £46m – below the £55m the market had been expecting. Shares hit their lowest intraday level since October 2023, falling as much as 23 per cent. They closed at 209.5p.
Business Recorder
5 days ago
- Business
- Business Recorder
FTSE 100 logs fifth straight weekly gain; investors assess earnings, data
The UK's FTSE 100 closed lower but extended its winning streak to a fifth week on Friday, while investors assessed a mixed bag of corporate earnings and awaited updates on EU-U.S. trade talks. The benchmark FTSE 100 closed 0.2% lower, but registered a weekly gain of 1.4%. The midcap FTSE 250 index also lost 0.2%, but was up 1% for the week. A market relatively shielded from U.S. tariffs, positive corporate updates, optimism over a potential EU-U.S. trade agreement, and hopes of a Bank of England rate cut had boosted the blue-chip index to all-time highs in recent days. Data showed British retail sales rose by 0.9% in June, a partial rebound from May's 2.8% plunge which was the biggest fall since December 2023. However, the increase was smaller than the median forecast of 1.2% in a Reuters poll of economists. A survey showed consumer confidence dipped this month ahead of possible tax increases later this year and households added to their savings. Construction and materials stocks led the sectoral decline, falling 1.8%, dragged down by Marshalls, which tumbled 20.6%, on downbeat full-year adjusted pre-tax profit forecast. Precious metal miners fell 1.3% and industrial miners lost 1%, weighed down by falling gold and copper prices, respectively. In corporate updates, NatWest rose 3.5% after the lender said its profit increased by 18% in the first half and the company announced a new share buyback worth 750 million pounds ($1.01 billion). Wizz Air jumped 11.5% after Barclays upgraded the budget carrier to 'overweight'. Close Brothers surged 4.9% after announcing the sale of its execution services and securities business, Winterflood, to Marex for 103.9 million pounds. On the flip side, Rightmove fell 1.8% after warning it expects sales growth in the second half of 2025 to be lower than the first half's 10%. Meanwhile, the European Union and the United States could reach a framework deal on trade this weekend, EU officials and diplomats said. British Prime Minister Keir Starmer will meet U.S. President Donald Trump on Monday to discuss U.S.-U.K. trade deal.
Al Etihad
5 days ago
- Business
- Al Etihad
UK equities slip as investors assess mixed earnings, economic data
25 July 2025 14:48 (REUTERS) London's main stock indexes slipped on Friday as investors assessed a mixed bag of corporate earnings and awaited updates on EU-US trade internationally oriented FTSE 100 fell 0.3% as of 0939 GMT, pulling back from its all-time peak reached on Thursday, but was on track to register its fifth straight weekly gain. The midcap FTSE 250 index also lost 0.3%.Data showed British retail sales rose by 0.9% in June, a partial rebound from May's 2.8% plunge, which was the biggest fall since December 2023.A survey showed consumer confidence dipped this month ahead of possible tax increases later this year, and households added to their and materials stocks led the sectoral decline, falling 1.8%, dragged down by Marshalls, which tumbled 21.6%, on downbeat full-year adjusted pre-tax profit metal miners lost 1.7%, tracking a fall in gold Mining fell 2.8%, Endeavour Mining lost 1.3%, and Fresnillo down 2.2%. Automobiles rose 0.7%.In corporate updates, NatWest rose 1.9% after the lender said its profit increased by 18% in the first half and the company announced a new share buyback worth 750 million pounds ($1.01 billion).Close Brothers surged 8.6% after announcing the sale of its execution services and securities business, Winterflood, to Marex for 103.9 million the flip side, Rightmove fell 1.2% after warning it expects sales growth in the second half of 2025 to be lower than the first half's 10%.Jupiter Fund Management fell 5.1% after the wealth manager reported lower half-yearly pre-tax await to see whether the European Union can reach a trade deal with the US before US President Donald Trump's August 1 deadline. Meanwhile, British Prime Minister Keir Starmer will lobby Trump to accelerate a final deal to cut tariffs on British steel, the Financial Times reported.
Reuters
5 days ago
- Business
- Reuters
UK equities slip as investors assess mixed earnings, economic data
July 25 (Reuters) - London's main stock indexes slipped on Friday as investors assessed a mixed bag of corporate earnings and awaited updates on EU-U.S. trade talks. The internationally oriented FTSE 100 (.FTSE), opens new tab fell 0.3% as of 0939 GMT, pulling back from its all-time peak reached on Thursday, but was on track to register its fifth straight weekly gain. The midcap FTSE 250 index (.FTMC), opens new tab also lost 0.3%. Data showed British retail sales rose by 0.9% in June, a partial rebound from May's 2.8% plunge which was the biggest fall since December 2023. A survey showed consumer confidence dipped this month ahead of possible tax increases later this year and households added to their savings. Construction and materials (.FTNMX501010), opens new tab stocks led the sectoral decline, falling 1.8%, dragged down by Marshalls (MSLH.L), opens new tab, which tumbled 21.6%, on downbeat full-year adjusted pre-tax profit forecast. Precious metal miners (.FTNMX551030), opens new tab lost 1.7%, tracking a fall in gold prices. Hochschild Mining (HOCM.L), opens new tab fell 2.8%, Endeavour Mining (EDV.L), opens new tab lost 1.3%, and Fresnillo (FRES.L), opens new tab down 2.2%. Automobiles (.FTNMX401010), opens new tab rose 0.7%. In corporate updates, NatWest (NWG.L), opens new tab rose 1.9% after the lender said its profit increased by 18% in the first half and the company announced a new share buyback worth 750 million pounds ($1.01 billion). Wizz Air (WIZZ.L), opens new tab jumped 8.8% after Barclays upgraded the budget carrier to "overweight". Close Brothers (CBRO.L), opens new tab surged 8.6% after announcing the sale of its execution services and securities business, Winterflood, to Marex (8UU.F), opens new tab for 103.9 million pounds. On the flip side, Rightmove (RMV.L), opens new tab fell 1.2% after warning it expects sales growth in the second half of 2025 to be lower than the first half's 10%. Jupiter Fund Management (JUP.L), opens new tab fell 5.1% after the wealth manager reported lower half‑yearly pre‑tax profit. Investors await to see whether the European Union can reach a trade deal with the U.S. before U.S. President Donald Trump's August 1 deadline. Meanwhile, British Prime Minister Keir Starmer will lobby Trump to accelerate a final deal to cut tariffs on British steel, the Financial Times reported.
Yahoo
22-07-2025
- Business
- Yahoo
TJX (TJX) Exceeds Market Returns: Some Facts to Consider
TJX (TJX) ended the recent trading session at $124.94, demonstrating a +2.27% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.14%. Meanwhile, the Dow experienced a drop of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.38%. The parent of T.J. Maxx, Marshalls and other stores's shares have seen a decrease of 1.08% over the last month, not keeping up with the Retail-Wholesale sector's gain of 4.28% and the S&P 500's gain of 5.35%. The investment community will be paying close attention to the earnings performance of TJX in its upcoming release. The company is expected to report EPS of $1.01, up 5.21% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $14.06 billion, up 4.37% from the prior-year quarter. For the full year, the Zacks Consensus Estimates project earnings of $4.47 per share and a revenue of $58.81 billion, demonstrating changes of +4.93% and +4.35%, respectively, from the preceding year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for TJX. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.21% higher. TJX is currently a Zacks Rank #3 (Hold). In terms of valuation, TJX is currently trading at a Forward P/E ratio of 27.32. Its industry sports an average Forward P/E of 21.61, so one might conclude that TJX is trading at a premium comparatively. We can also see that TJX currently has a PEG ratio of 2.85. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. TJX's industry had an average PEG ratio of 2.7 as of yesterday's close. The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 24% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
