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Big News from Sainsbury- Broccoli & Onion Prices Permanently Reduced

Sainsbury J. SBRY has had to admit that during its second quarter to the 24th September, it has, because of price deflation, had to sell more to earn less. Despite like for like transaction and volume growth, like for like retail sales were down by 1.1% and total retail sales by 0.4%. As for the […]

Thomas Cook Hit Hard in Continental Europe

Thomas Cook TCG has been hit hard in Continental Europe with prices down 3% compared to last year on top of a 9% fall in bookings. Belgium is down significantly following the Brussels terror attacks and Germany is showing a 6% fall compared to 2015. Overall today’s pre close update shows strong demand for most […]

Quoted Micro 26 September 2016

ISDX Brewer Shepherd Neame (SHEP) reported record results for the year to June 2016. Revenues increased by 1% to £139.9m, while underlying pre-tax profit was 11% higher at £10.3m. The growth in revenues and profit came from the managed pubs business. The brewing division reported a lower profit due to the loss of the Kingfisher […]

Gleeson Annual Dividend Rises by 45%

MJ Gleeson GLE continued to see strong customer demand for its low cost homes and a final dividend of 10p per share means a rise for the year to 30th June of 45%. Revenue for the year rose by 20%, profit before tax by 63% and basic earnings per share by 86.8% Beachfront Property For […]

The Unacceptable Face of Sports Direct

Sports Direct SPD Dave Forsey yesterday resigned both as CEO of Sports Direct and as a member of the board, after, as he put it, having “given my entire working life to the company” – hardly the sentiments of a man happy with his fate. And guess who has been appointed  by the nodding donkeys […]

Majestic Wine -Testing Before Learning

Majestic Wine WINE  appears to have been so mismanaged that it has been forced to issue an update, warning that it will not even achieve its modest target of 1% sales growth for the current year. EBIT for the year to 3rd April 2017 will be £2m.less than market expectations as a result of the […]

French Connection Strong in UK and Europe

French Connection FCCN Group revenue for the half year to 31st July declined to £69.2m from last years £75.8m as store closures continued but the loss before tax remained steady at £7.9m FCCN does its best in its half year report to point to the better statistics to justify its claim of a strong performance. […]