City briefs: Mattioli Woods; Topps Tiles
Leicester-based wealth management firm Mattioli Woods has issued a trading update ahead of its full-year results for the full-year to the end of May.
Revenue is up by 3% year-on-year, with profit for the year in line with expectations.
Meanwhile, the firm has welcomed Michael Wright as deputy chief executive.
Ian Mattioli MBE, chief executive, said: “In this new role Michael will lead and support the delivery of certain strategic goals alongside the executive team, whilst retaining his current responsibilities. Michael was previously appointed group managing director in 2019, and has been on the board since 2021, having joined the group 19 years ago and holding several senior advisory roles during this time.”
Enderby-based Topps Tiles has posted a 4% revenue rise of 4.4% for its third quarter and a 7.6% hike on the 39-week period to July 1.
The firm says adjusted profit before tax will be “materially higher” in the second half of its financial year than the first and that full-year performance are in line with expectations.
Rob Parker, CEO, said: “As we celebrate our 60th anniversary, we are pleased to be reporting a continued robust performance in the third quarter, led by Topps Tiles and Pro Tiler Tools, and the successful implementation of a business improvement plan at Parkside.
“Looking ahead, we are confident that our core strengths of leading brands, world class customer service, specialist expertise and a strong balance sheet will enable us to continue to deliver value for all stakeholders.”
