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Headlam Group PLC (HEAD.L)

HEAD.L on London Stock Exchange

480.00GBp
9 Dec 2016
Change (% chg)

-10.00p (-2.04%)
Prev Close
490.00p
Open
485.25p
Day's High
489.00p
Day's Low
475.00p
Volume
50,744
Avg. Vol
141,212
52-wk High
520.00p
52-wk Low
408.00p

Latest Key Developments (Source: Significant Developments)

Headlam says has raised prices to counter weaker sterling
Wednesday, 24 Aug 2016 02:00am EDT 

Headlam Group : Interim Results for the six months ended 30 June 2016 . Group revenue up 4.8% to £328.7 million (H1 2015: £313.5 million) . Profit before tax up 22.4% to £15.11 million (H1 2015: £12.35 million) . Interim dividend up 11.7 percent to 6.7 pence per share . August is traditionally one of the group's peak trading months in the UK with the annual summer refurbishment of educational institutions. . To date, this seasonal business seems to have been unaffected by the result of June's referendum on EU membership. . However, the referendum result gave rise to a weakening in sterling, and the group has sought to mitigate this adverse inflationary effect by implementing price increases earlier this month for residential floorcoverings imported from Continental Europe . It is pleasing that these price increases appear to have had no adverse impact on the level of residential revenues to date .Our market appears to be robust and, subject to the key trading period in the run-up to Christmas, the board remains confident of achieving full year expectations.  Full Article

Headlam Group Plc announces interim dividend
Monday, 24 Aug 2015 03:29pm EDT 

Headlam Group Plc:Announces has decided to increase the interim dividend by 15.4 pct to 6.0p (H1 2014: 5.2p).Says the dividend will be paid on Jan. 4 2016 to shareholders on the register as at Dec. 4.  Full Article

Headlam Group plc proposes final dividend
Thursday, 5 Mar 2015 02:00am EST 

Headlam Group plc:Is proposing to increase the final dividend by 15.5 pct from 10.65 pence to 12.30 pence resulting in a total dividend for the year of 17.50 pence, which represents an increase of 14.4 pct on 2013.The final dividend will be paid on July 1 to shareholders on the register at close of business on 5 June.  Full Article

Headlam Group PLC completes acquisition
Monday, 2 Feb 2015 05:44am EST 

Headlam Group PLC:On Jan. 30, it completed the acquisition of the business and certain assets of Matty's Wholesale Carpets (Matty's).Consideration at completion amounted to 1.882 mln pounds with a further 100,000 pounds to be paid following verification of the fair value of net assets acquired of 1.232 mln pounds.Following completion, the autonomous sales and marketing identity of Matty's will be preserved and logistics will be provided by the group's existing facility in Coleshill.  Full Article

Headlam Group PLC sees FY 2014 earnings to slightly exceed the group's internal performance target
Thursday, 22 Jan 2015 02:00am EST 

Headlam Group PLC:Says earnings for FY 2014 are likely to slightly exceed the group's internal performance target.FY 2014 net income of 23.30 mln Pounds - Thomson Reuters I/B/E/S.  Full Article

UK carpet seller Headlam ups prices after post-Brexit sterling weakness

LONDON, Aug 24 British carpet distributor Headlam has raised its prices after a weaker pound in the wake of the Brexit vote pushed up the cost of imports from continental Europe, showing the potential inflationary impact of sterling's decline.