WPP Currency Tailwinds Add Over 10% Growth.
WPP plc WPP produced another record year in 2016 helped by huge favourable exchange rate movements, especially in the second half. Without these, the strength was much less pronounced. Reported billings rose by 16% but at constant currency rates the rise was reduced to 5.5% and on a like for like basis it was down […]
More Strong Performances & Growth from British Industry
Costain COST Produced a strong performance in the year to the end of December and is raising the years total dividends by 15%, with a final payment of 8.4%. Annual revenue rose from £1.3b to £1.7b and reported profit before tax was up from £26m to £30.9m. The forward order book stands at record levels.Watch […]
Taylor Wimpey; Big Price Increases Healthy For Consumers
Taylor Wimpey TW It is difficult to say whether Taylor Wimpey is living in cloud cuckoo land, never never land or is taking a leaf out of the Oscars book and moving into La La land. Its main proposition is that price rises are healthy for its customers, so in 2016 it did its best […]
Weak Sterling Continues to Hit Primark
Associated British Foods ABF expects excellent progress in adjusted operating profit and earnings per share for the half year to the 4th March. Primark sales are expected to be11% ahead at constant currency rates and 21% ahead at actual exchange rates but on a like for like basis UK Primark sales will show growth of […]
Quoted Micro 27 February 2017
NEX EXCHANGE Capital for Colleagues (CFCP) says that one of its employee-owned investee business FJ Holdings has sold its businesses and been placed in administration. Capital for Colleagues had not been kept up to date with these moves. The loans to FJ and its subsidiary Ham Baker Adams plus the FJ share stake were valued […]
Rightmove Outstanding
Rightmove RMV describes its 2016 performance as outstanding and is raising its final dividend to 27p per share to give a total increase in the yearly dividends of 19%. Revenue and underlying operating profit both rose by 15%, whilst basic earnings per share were up by 18%. Strong traffic growth of 10% meant that visitors […]
Metro Bank – Providing A Service, Does Pay
Metro Bank MTRO Cheeky little Metro Bank is giving the big bad banks a lesson in growth and has now moved into profit for each quarter of the second half. Profit before tax in quarter 3 was a tiny £0.6m, increasing to £1.5m in quarter 4. Losses for the full year shrank from £46.4m in […]
Trakm8 Chairmans’ Frustration Comes Too Late
Trakm8 Holdings TRAK Route Monkey is in a trend to move to SaaS revenues. Once you get extreme jargon like that in a company’s trading update you know it has been having a fairly bad time and Trakm8 is no exception. It witters on about its pipelines and how strong they are as if nobody […]
Bovis Comes Clean At Last Over Poor Build Quality
Bovis Homes Group BVS is being forced into taking a one off £7m hit because of claims arising from its poor build quality and it is brazen faced enough not to issue an apology either to the shareholders or even more importantly, to its customers. In fact in 2016 it imposed a rise of 10% […]
Quoted Micro 20 February 2017
NEX EXCHANGE Forbes Ventures (FOR) has taken a 0.84% stake in potential challenger bank Civilised Investments in return for £200,000 in cash. The cash investment was raised through a placing of shares at 0.5p each with Gravity Investments, which owns 62.1% of Forbes. A further six million shares were issued at the same price to […]