The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Topps Tiles, Hilton Food Group, Peel Hunt and Wizz Air. Read the Wednesday 3 April Business Live blog below.
Royal Mail names Heathrow exec Emma Gilthorpe as new boss after hiking price of stamps for third time in a year
Royal Mail has named a senior Heathrow executive as its next boss – just as it hikes the price of stamps for the third time in a year.
Emma Gilthorpe, who is the airport’s chief operating officer, will join the delivery group on May 1, parent company International Distribution Services (IDS) said.
She will then take over the Royal Mail arm of the business in the summer.
Gilthorpe succeeds interim boss Martin Seidenberg.
Topps Tiles suffers repairs slowdown
Topps Tiles has warned weak demand in the domestic repairs and maintenance sector have persisted in 2024, particularly within big-ticket items, with profits set to be hit by lower volumes this year.
The FTSE 250 group said: ‘Group profitability in the first half of the year will be impacted by a number of factors including the weaker market, the timing of the holiday pay accrual and seasonally higher energy usage in the period. We continue to expect the Group’s profits in 2024 to be weighted towards the second half as indicated in our Q1 trading update.’
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BUSINESS LIVE: Topps Tiles repairs slowdown; Hilton Food sales near £4bn; Peel Hunt heads for a loss
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