Severn Trent Admits To Love Affair With Customers.
Severn Trent SVT trumpets “Customers are at the heart of our business” , which no doubt, after all these years of rejection, must come as something of a surprise to those customers. Strange that it has taken all these years for Severn Trent’s management to wake up to the fact and give it such publicity. […]
Nanoco Goes For Technology Breakthrough
Nanoco NANO has entered into a collaboration and joint development agreement with Massachusets based Kyulux. Both companies are global leaders in their respective fields and the agreement will enable the technologies of the two companies to be combined, allowing the creation of superior products in the display market which will be both cost effective for […]
Quoted Micro 22 May 2017
NEX EXCHANGE London and south east England residential property developer St Mark Homes (SMAP) says it will in the immediate future focus on homes for sale for less than £600,000, because this is the London help to buy limit. In 2016, revenues fell from £3.1m to £1.34m but the unchanged contribution from joint ventures and […]
Royal Mail Responds To Challenges
Royal Mail Group RMG One can adjust ones view of Royal Mails results for the year to 31st March, according to whether one prefers ones results on a reported or on an adjusted basis.Whichever one prefers the final dividend of 15.6% means a rise for the year of 4%. On a reported basis, profit before […]
SSE Sets Good Example And Remains Flat
SSE plc. SSE is increasing its final dividend by 2.1% for the year to the end of March after yet another flat year, in which the absence of 2016’s large total of exceptional items helped to make the figures look better, despite this years complex challenges. Profit before tax has stayed at just over £1.5b […]
Vodafone Increases Dividend As Losses Rise
Vodafone VOD. My own personal experience is that Vodafone can not even operate its own internal phone systems properly so it is not much of a surprise to see that it has problems globally. Group revenue fell by 4.4% for the year to the end of March, the loss for the year rose by 18.7% […]
Smaller Companies Show How To Export
TUI AG TUI After a good start to the half year, TUI reiterates its forecast of at least 10% growth in underlying EBITA for the full year 2016-17.Half year turnover rose by 3.3% or 8.2% on a constant currency basis and customer numbers were up by 3%. Victrex VCT delivered a strong first half performance […]
Quoted Micro 15 May 2017
NEX EXCHANGE Newbury Racecourse (NYR) increased its revenues by 4% to £16.9m in 2016. Underlying trading profit was 8% ahead at £740,000 but there was also a £19.4m gain on the sale of land for housebuilding partly offset by £3.45m impairment charge. The NAV was £44.4m, which is around double the company’s market value. Net […]
Cloth Caps, Whippets and Forelocks
In the absence of very much company news, the main story this morning must be the Prime Minster’s sudden realisation that the working class is alive and kicking. So, she is actually off slumming it to the North East with the intention of finding it and meeting some of its members, so that she can […]
BT Admits The Cost of Bad Management
BT Group BT.A airs its dirty washing in public after describing the year to the end of March as a challenging one, made worse by headwinds in the UK public sector. It is still managing to increase its final dividend by 10% despite a 19% fall in reported profit before tax, which slumped even more […]