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Pearson Selling The Family Silver

Pearson plc PSON  The best that can be said about Pearsons 2017 results is that they came out at the top end of guidance and that the restructuring programme is on track. Nonetheless underlying revenues fell by 2% due to a 4% decline in North America where US higher education coursework fell by 3% despite […]

Ian Pollard – Savills becomes a ‘Residential Transaction Business Operator’.

Savills plc SVS no longer has estate agencies in the UK. They have gone posh, moved up market and now describe themselves as operating residential transaction businesses. That really will send the share price rocketing. Whatever they call themselves they have experienced a stronger than anticipated finish to the year, with the UK proving resilient […]

William Hill On A Winning Streak

William Hill plc WMH Adjusted operating profit for the year to 26th December  is expected to show a rise of 11%, ahead of expectations. In the nine weeks since the last trading statement on the 11th November the UK and the US have shown good momentum, gross win margins have been ahead of expectations and […]

Andrew Hore – Quoted Micro 15 January 2018

NEX EXCHANGE   Wines maker Chapel Down Group (CDGP) says that its open offer at 50p a share was oversubscribed. Excess applications will be scaled back. The additional £1.47m raised takes the total to £20m. BlackRock holds a 5.79% stake and Nigel Wray owns 16.2%. Startup Giants (SUG) has made its first investment since floating. An […]

Ian Pollard – Marks Trounced By Tesco

Marks & Spencer MKS Brave words from Steve Rowe as he tries to explain away Marks continued decline both at home and abroad. Group third quarter sales for  the thirteen weeks  to the 30th December fell by 0.1%. In the UK total sales fell by 1.4% with clothing and home down by 2.8% which should […]

Ian Pollard – Sainsbury Beats The Pessimists

Sainsbury J plc SBRY expects full year underlying profit before tax will be moderately ahead of published consensus after a strong third quarter produced a rise of 1.1% in like for like sales, excluding fuel, for the 15 weeks to the 6th January. Groceries online and convenience saw growth of 8.2% and 7.3% respectively leading […]

Ian Pollard – Morrisons Bumper Christmas & New Year

Morrison W. MRW has by modern retail and high street standards had a bumper Christmas with group like for like sales up by 2.8% or 3% including fuel. Sales over Christmas and New Year were particularly strong with group like for like sales over the 6 weeks to 7th January up by 3.7%. Morrisons puts […]