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Ian Pollard – HSBC Profits Up 31%

HSBC Holdings plc  HSBA saw first quarter profits rise by 31% from $4.8bn in the first quarter of 2018 to $6.2bn this year following strong growth in Asia and a 7% rise in revenue compared to the previous year. Cuts in costs  also helped with operating expenses down by 12% during the first quarter, whilst […]

Ian Pollard – Reckitt Benckiser #RB Impacted By Weak Cold & Flu Season

Reckitt Benckiser Gp RB. The first quarter got off to a slow start but improving growth is seen for  the remainder of the year, particularly in the second half. Like for like full year net revenue target is expected to show growth of 3-4% compared to 1% in the first quarter. The  health business was […]

Ian Pollard – Persimmon – Strong Growth As Sales Decline

NEXT plc NXT first quarter trading to the 27th April was saved only  by online sales which rose by 11% and are forecast to continue to grow at the same rate for the remainder of the year. Full price retail sales for the quarter fell by 3.6%. The picture for the remainder of the year […]

Andrew Hore Quoted Micro 29 April 2019

NEX EXCHANGE Adnams (ADB) says that beer volumes grew year-on-year in the first quarter, helped by low alcohol Ghost Ship and pubs are also doing well. Margins are coming under pressure and gin sales have been hit by increasing competition. A new IT system has gone live. KR1 (KR1) has cashed inn some of its […]

Ian Pollard – Sainsbury #SBRY, Asda & Walmart – Merger Banned To Prevent Price Increases

J Sainsbury  plc  and Asda. The proposed merger between Sainsbury”s and Asda has been prohibited by The Competition and Markets Authority  in its final report published today.  As a result, Sainsbury’s, Walmart and Asda have mutually agreed to terminate the transaction.The reasoning behind the prohibition is that the proposed merger would result in increased prices […]

Ian Pollard – Telecom Plus #TEP Delivers New Records

Telecom Plus TEP delivered record revenue, profits and dividends in the year to the 31st March, with growth and momentum becoming significantly faster.  The impact of a warm winter and the Ofgem price cap have led to expectations that pre-tax profits will be towards the lower end of previous guidance at around £56m.  For 2020 […]