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Topps Tiles sees FY LFL sales up c.4.2 pct

Wednesday, 5 Oct 2016 02:00am EDT

Topps Tiles Plc : Revenues for 52 week period are expected to be in region of £215 million . Like-For-Like revenues are expected to show an increase of c.4.2 pct on prior year versus a rise of 5.4 pct in 2015 . Adjusted pre-tax profits for year ending 1 october 2016 are expected to be within range of current market estimates . Estimate previously announced strategic decision to exit low margin wood flooring during quarter cut Q4 like-for-like sales by c.1.5 pct . "This impact will reduce over Q1 FY2017 as sales from our new range of larger format tiles build." .Like-For-Like revenues in 13 weeks ended 1 October 2016 were ahead by 1.4 pct.

Kernwood Ltd announces acquisition of 40,000 shares of PFB Corp

Tuesday, 4 Oct 2016 10:04am EDT

Kernwood Limited : Now hold 1.1 million shares of PFB Corp, or about 16.63% of total outstanding shares .Kernwood Limited announces acquisition of 40,000 common shares of PFB corporation.

Bolina clarifies regarding possible sale of shares of controlling shareholder and Chairman

Tuesday, 4 Oct 2016 08:58am EDT

Bolina Holding : Discussion with respect to potential equity investment in company . Confirms that in discussion with zhangzhou jiulongjiang , zhangzhou investment and other two state-owned enterprises of zhangzhou government .Clarifies negotiation of possible sale of shares of Xiao Zhiyong is part of potential equity investment transaction with Jiulongjiang, Zhangzhou Investment.

Philips announces early tender results of offer for certain outstanding notes

Tuesday, 4 Oct 2016 04:10am EDT

Koninklijke Philips Nv : Announces early tender results of offer for certain outstanding notes . Approx. $285 million in aggregate principal amount of notes was validly tendered and not validly withdrawn at or before 5:00 p.m., New York City time, on Oct. 3 Further company coverage: [PHG.AS] (Gdynia Newsroom:) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).

James Halstead says doubts over Brexit impact lessening

Monday, 3 Oct 2016 02:42am EDT

James Halstead : UK represents only about a third of business and doubts over economy in weeks after "Brexit" referendum seem to be lessening .Continue to have a large market share in UK but curbing of repair, renewal spending by NHS was noticeable in FY's first two months.

Globe Union Industrial unit to sell 100 pct stake in unit for 40 mln yuan

Sunday, 2 Oct 2016 11:26pm EDT

Globe Union Industrial <9934.TW>:Says its subsidiary Globe Union Industrial (BVI) Corp. will sell 100 percent stake in its Qingdao-based bathroom products subsidiary for 40 million yuan.

Blackrock owns 5 percent stake in Assa Abloy

Friday, 30 Sep 2016 11:15am EDT

Assa Abloy Ab : BlackRock owns 5 pct stake in Assa Abloy - regulatory filing . Owns 55,641,168 shares Further company coverage: [ASSAb.ST] (Reporting by Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46-(0)8-700 10 17;)).

Kennede Electronics MFG to sell 51 pct stake in supply chain unit for 1.5 mln yuan

Friday, 30 Sep 2016 01:30am EDT

Kennede Electronics MFG. Co., Ltd.<002723.SZ>:Says the co plans to sell 51 percent stake in Shenzhen-based supply chain unit for 1.5 million yuan to an individual.

Looser Holding: AFG Arbonia-Forster-Holding publishes Offer Prospectus

Thursday, 29 Sep 2016 01:00am EDT

Looser Holding AG : Publication of an offer prospectus relating to the merger of Looser Holding AG with AFG Arbonia-Forster-Holding AG .Offer period for general public shareholders of Looser Holding AG is expected to start on Oct. 14, 2016 and to end on Nov. 10, 2016.

Fletcher Building announces appointment of Bevan Mckenzie as CFO

Wednesday, 28 Sep 2016 06:11pm EDT

Fletcher Building Ltd : Says appointment of Bevan Mckenzie as CFO .Announced resignation of Gerry Bollman as chief financial officer.

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