Spire by St Brides

Kingfisher – Will The Cure Work

Kingfisher KGF has no problem finding excuses for its  second quarter performance and even includes continued disruptions across the businesses without bothering to enlighten us as to what those may be and whether they are due to management decisions or external forces which management has been unable to cope with. Seasonal swings in both first […]

Balfour Beatty transforming itself

Balfour Beatty BBY is increasing its interim dividend by 33% to 1.2p per share after underlying operating profit for the six months to the 30th June more than tripled from £11m to £39m, as the transformation of the company continues. Underlying revenue rose by 8% at constant exchange rates, profitability is rising and orders from […]

Corporate news review Tuesday 15th August 2017

Hargreaves Lansdown HL. reports net FY new business of £6.9bn, AuA up 28% to £79.2bn and active clients up 118k to 954k. PBT is up 21% to £265.8m, and HL raises its dividend by 20% to 29p per share. John Menzies MNZS says it has enjoyed a positive first half, with underlying PBT up 36% […]

Corporate news review Monday 14th August 2017

Clarkson Plc CKN reports a strong half-year performance, with underlying PBT up 25% at £21.9m, on revenues up to £156.8m (2016: £147.2m). Underlying EPS grew 9% to 57.5p, and CKSN has a robust balance sheet, with £71.4m of net funds, up from £46.7m this time last year. CEO Andi Case says the solid cash position […]

Corporate news review Friday 11th August 2017

Kodal Minerals KOD announces results of the diamond core drilling completed at the Ngoualana prospect, located at the Company’s Bougouni lithium project in Southern Mali. “These diamond core drill results provide us with a high-level of confidence in the information captured from the earlier reverse circulation drilling, and continue to demonstrate the high-grade mineralisation and […]

Corporate news review Thursday 10th August 2017

Amec Foster Wheeler AMFW reports net pre-tax exceptional gains of £47m in the half-year ended 30 June 2016 and says it has made a strong start to its transformation programme, with the first signs of progress now showing up in the order book. Cineworld Group CINE reports half year revenue growth of 17.8%, with adjusted […]

Legal & General Impressed By Its Excellent Management.

Legal & General LGEN heaps praise upon itself for its resilient and consistently improving financial performance, as it raises its interim dividend from 4p per share to 4.3p per share. The figures are certainly impressive with half year profit before tax and earnings per share each up by 41% and it is all  due to […]

Bellway On Crest Of A Wave – But Is That A Safe Place To Be

Bellway BWY is riding on the crest of a wave, with favorable market conditions, the continued availability of cost effective mortgage finance and of  the voters friend, Help to Buy. Revenue for the year to the 31st July is expected to have risen by 13%, volume growth in completions by 10% and at the end […]

Plus 500 Record Breaking Results And More To Come

Plus 500 PLUS produced a strong performance with record breaking results significantly ahead of expectations, in the six months to the 30th June.  Net profit rose by 104%, EBITDA by by 100% and earnings per share by 103%. Revenue rose by 19%. Including the share buy back programme  returns to shareholders more than doubled, rising […]