Spire by St Brides

Wetherspoon Worried By High Debt Risks

Wetherspoon JDW First quarter like for like sales rose by 3.5% and total sales by 2.3%. Operating margins gowever jumped from last year’s 5.8% to 8.6% and 7% is anticipated for the full year. The rise in debt levels have become a cause for concern, indeed such a cause for concern that the company thought […]

Weir Worse But Hopeful

Weir Group WEI continued to worsen in the third quarter to the 31st October tough trading conditions every every division in decline. Minerals fell by 7%, Oil & gas by 10%, Flow Control by 4% and Continuing Operations by 7%, whether on a reported or like for like basis. Full year profits will be slightly […]

Quoted Micro 31 October 2016

ISDX Via Developments (VIA1) says the Canal Street project in Manchester should be completed next March, while another Manchester site is attempting to gain enhanced planning permission that would enable 71 apartments to be built. Via expects deposits of 15% of the purchase price of the eight flats in Canal Street before the end of […]

Strong Growth At Plant Impact

Plant Impact PIM enjoyed strong growth during the year to 31st July, with revenue up by 60% and gross profit by 59%. The company believes it is well positioned to continue to develop successfully. The share price on the other hand has not been strong. during the past 12 months it has fallen from 62p […]

Now RBS Abandons Use Of English

Royal Bk Scot Grp RBS No wonder the banks were castigated recently for their inability to communicate in anything resembling English and given a fairly stern warning of the real dangers of insisting on sticking to jargon. As is usual with banks RBS did not listen and obviously does not believe that there any dangers […]

Debenhams Invents The Sentence Without a Verb

Debenhams DEB The year to the 3rd September must have been one of the most boring on  record and the tone of the full year results does nothing to dispel that impression. Like for like sales sales rose 0.7%, EBITDA was down 2.2%, underlying earnings per share declined gently from 7.6p to 7.5p and the […]

Lloyds Loses Robustness in Quarter Three

Lloyds Banking LLOY produced what it describes as a robust underlying performance during the first nine months of the year with underlying profit down by 4% and operating costs down by 2%. Statutory profit before tax surged by over 50% and earnings per share rose from 1.8p to 2.5p. Third quarter figures however could in […]