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Morrisons Bringing Home The Bacon

Morrison W. Supermarkets MRW reports its seventh consecutive quarter of what it calls “positive like for like”  after strong first half growth in sales, profits and dividend. Like for like sales excluding fuel and VAT grew by 3% in the 6 months to 30th July, more than double last years first half growth rate of […]

Quoted Micro 11 September 2017

NEX EXCHANGE Milamber Ventures (MLVP) has signed non-binding heads of terms to acquire vocational training provider Essential Learning Company Ltd and it wants to raise up to £2m. Milamber already owns 15% of Essential, which it acquired for £75,000 last May. The other 85% would be acquired for a deferred payment of £800,000 in cash […]

Bovis Profits And Completions Tumble

Bovis Group BVS It is years since a major house builder produced such an appalling set of results. To do so at a time when the industry is in a long term boom illustrates the depth and severity of the problems which Bovis created for itself and to which management was too inept to find […]

House builders sales static but forward orders surge

Barratt Developments BDEV Completions in the year to the 30th June rose by a lowly 0.4% on 2016 but it was still the highest volume for nine years, enabling Barratt to claim another excellent year which produced a strong operational and financial performance. The final dividend is being increased by 39% in addition to a […]

Stobart faces short term risks

Stobart Group STOB The new CEO who has only been in post for two months has issued a surprise warning that the company faces short term risks in both energy and aviation and that there will be short term delays in the company’s value creation potential although the long term potential remains unaffected. Despite the […]

Johnson Services – “Exceptional First Half Performance.”

Johnson Service Group JSG produced an exceptional first half performance across all its brands with revenue for the 6 months to the 30th June rising by 19.3% and organic growth at 4.8%. Profit before tax was up by 30.3% and the interim dividend is to be increased by 12.5%. Full year results are expected to […]

Quoted Micro 4 September 2017

NEX EXCHANGE Gowin New Energy Group Ltd (GWIN) is moving into the tea market, where its chief executive already has experience. Gowin intends to buy a 15% stake in a Cayman Islands-registered tea business and this new business will link up with experience of the industry that are based in Taiwan. The plan is to […]

Corporate news review Friday 1st September 2017

Flybe Group FLYB announces the start of its alliance with Eastern Airways (UK) Ltd. The two have signed a joint revenue and risk sharing agreement, covering four Eastern aircraft, to fly existing Flybe branded routes from Aberdeen, Edinburgh, Glasgow and Manchester. These flights start today, and will significantly enhance connectivity in Scotland. Ramsdens Holdings RFX […]