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Ian Pollard: Rank Tough Trading Dominates

Rank Group plc RNK describes trading in the first half of the year as tough and looking at the figures that seems to be an understatement, although an improved second quarter seems to have instilled some confidence as to the prospects for a better second half. As for the first half the minus signs overwhelmingly […]

Ian Pollard – Winter Of Discontent Impacts Begbies’ Business.

Begbies Traynor BEG claims that a winter of discontent has impacted business with 481,000 now in significant financial distress.  Those  in ‘critical’ financial distress increased by 25% year on year as the year came to a slow end and stand at  2,183. Real estate was the hardest hit sector in quarter 4 with a 9% […]

Ian Pollard – Your Dominos #DOM Christmas – 12 Pizzas A Second

Dominos Pizza Grp DOM saw fourth quarter sales for the 13 weeks to the 30th December produce a strong performance in the UK but with some weakness internationally. Group organic system sales rose by 5.8% compared to 1.6% for international system sales. UK system sales rose by 6% and the company enjoyed its busiest week […]

Ian Pollard – Sirius Minerals #SXX Sharks Out On A Feeding Frenzy

Sirius Minerals SXX Short selling against Sirius hit a record high last week as it tried to secure funding for its huge potash mining project in North Yorkshire. Sirius hoped to raise £2.4bn by April but in September it warned that it would need to raise an additional £400m.. Last week it issued its fourth […]

Andrew Hore – Quoted Micro 28 January 2019

NEX EXCHANGE Full year figures from AFH Financial Group (AFHP) show how successful its acquisition strategy is with revenues 51% higher at £50.7m and pre-tax profit that nearly doubled to £6m. Despite the additional shares issued to part-finance these acquisitions, underlying earnings per share were one-third higher. The dividend is 50% higher at 6p a […]

Ian Pollard – Vodafone’s #VOD Robust Momentum Produces Large Sales Fall

Vodafone Group plc VOD as expected the third quarter to the 31st December was fairly disastrous for Vodaphone and it can not all be put down to the adoption of  IFRS, the sale of Qatar and foreign exchange headwinds which is the usual ready to hand list of pre prepared excuses for major international companies […]

VW and Ford forge partnership to spur low-carbon transport transition via edie.net

The rapid emergence of electric vehicles (EVs) and related autonomous driving technologies and mobility services is disrupting the global auto industry in ways that would have been unthinkable just five years ago. Carmakers Ford and Volkswagen (VW) have forged a new low-carbon road transport partnership, which will see them work together to develop electric vehicles […]

Ian Pollard: Countryside Properties – Average Selling Prices Broadly Flat

Countryside Props plc CSP Total completions in the first quarter from the 1st October to the 30th December rose by 28 % and the forward order book by 78%. The strong growth in completions was driven by a sharp increase in affordable homes, up 52%  and Private Rental Sector, up 66% . This was due […]