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The High Street – Still Alive And Kicking But Online Threat Grows

Marks & Spencer MKS gives a very brief summary of its trading for the 13 weeks to the 31st December. Group sales rose by 5.9% on a reported basis. Food did well with a rise of 5.6% or 0.6% on a like for like basis and  continuing to increase its market share. Sales in clothing […]

Quoted Micro 9 January 2017

NEX / ISDX   Capital for Colleagues (CFCP) invested a further £2.44m in employee-owned businesses in the year to August 2016. Revenues improved from £523,000 to £560,000, although realised and unrealised gains fell from £459,000 to £228,000. Pre-tax profit fell from £426,000 to £158,000. Net asset value was £5.25m at the end of August 2016. […]

Fenner In Recovery Mode

Fenner FENR now expects results for the current year will be comfortably ahead of previous expectations as a result of gains in market share and refocusing of the businesses. These factors have helped to create an improving trend in order intake and a stronger market position in the US. Australia is doing well and results […]

Persimmon Full Of Optimism

Persimmon PSN ends 2016 full of optimism and  certainly does not share the gloom displayed by many of its competitors. Revenue rose by 8% during the year and average sales prices were increased by a modest 4% which compares favourably with the greed shown by many of the household names in the industry. Competitive mortgage […]

Next Finds Horror On The High Street

Next NXT issues a stark warning about current profits and the level of both this years and next years sales. It failed to live up to its own expectations for 4th quarter sales in the face of what it describes as exceptional levels of uncertainty. Between the 1st November and 24th December sales fell by […]

Markets and Macro – Outlook for 2017 – Panmure Gordon

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Quoted Micro 2 January 2017

ISDX/NEX Business incubator Milamber Ventures (MLVP) is acquiring The League of Angels, an angel network set up by Barney Battles, a Milamber director. There is a subsidiary called The China 68 Club that offers access to Chinese family offices. The business made a small profit last year and since April it has referred work to […]

Bovis – Signs of Trouble Ahead for Housebuilders

The blizzards now raging on the Athenian coast will no doubt keep the weather pundits busy for a day or so and the most popular explanation from the chattering clashes is likely to be that global warming is responsible, which leads us on to the warning signs of storms ahead for the UK’s house builders. […]

Smiths Group – Good Performance As Profits Fall

Smiths Group plc SMN  delivered another good performance in the first half with sustainable growth according to the Group Chief Executive or further good growth if you believe in the highlights. If you believe in the statistics this meant a 2% rise in revenue leading to 1% falls in pre tax profit,, profit after tax […]