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Wetherspoons – Chancellor Less Than Frank

Wetherspoon JD. JDW politely accuses the chancellor of being less than frank in claiming that his budget is beneficial to pubs. The truth is firstly that business rates for the supermarkets costs less than 2 p per pint. for a oub it is 18p per pint.  Wetherspoons will not even qualify for the Chacellors much […]

Foxtons Severely Impacted; Final Dividend Cut By 90%

Foxtons FOXT illustrate the dangers of companies having all or most of their eggs in one basket and  at the same time being ignorant of the fact that the housing market does not have a history of boom and bust. Group revenue fell by only 11% in the year to the end of December, after […]

Paddy Power Betfair’s Transformational Year

Paddy Power Betfair PPB turned 2016 into a transformational year with revenue up 18%, underlying EBITDA up by 35%, underlying operating profit and earnings per share both rising by 44%. Total dividends for the year including the final dividend of 111p per share amount to 165p Pay Safe Group PAYS Adjusted profit after tax and […]

Standard Life Admits to Merger Talks.

Standard Life SL has been forced by press speculation to confirm that it is discussing a potential all share merger with the board of Aberdeen Asset Management and under which, if the merger proceeded, Standard Life would own 66.7% of the Combined Group. Ultra Electronics ULE is looking forward to a return to growth in […]

Quoted Micro 6 March 2017

NEX EXCHANGE Kent-based brewer Shepherd Neame (SHEP) reported a 7% increase in first half revenues to £79.2m. The main growth was in the managed pubs and hotels division. Pre-tax profit fell from £8.7m to £6.7m because of the lack of property disposals, although underlying profit did improve. The dividend has been raised from 5.45p a […]

WPP Currency Tailwinds Add Over 10% Growth.

WPP plc WPP produced another record year in 2016 helped by huge favourable exchange rate movements, especially in the second half. Without these, the strength was much less pronounced. Reported billings rose by 16% but at constant currency rates the rise was reduced to 5.5% and on a like for like basis it was down […]

More Strong Performances & Growth from British Industry

Costain COST Produced a strong performance in the year to the end of December and is raising the years total dividends by 15%, with a final payment of 8.4%. Annual revenue rose from £1.3b to £1.7b and reported profit before tax was up from £26m to £30.9m. The forward order book stands at record levels.Watch […]

Taylor Wimpey; Big Price Increases Healthy For Consumers

Taylor Wimpey TW  It is difficult to say whether Taylor Wimpey is living in cloud cuckoo land, never never land or is taking a leaf out of the Oscars book and moving into La La land. Its main proposition is that price rises are healthy for its customers, so in 2016 it did its best […]

Weak Sterling Continues to Hit Primark

Associated British Foods ABF expects excellent progress in adjusted operating profit and earnings per share for the half year to the 4th March. Primark sales are expected to be11% ahead at constant currency rates and 21% ahead at actual exchange rates but on a like for like basis UK Primark sales will show growth of […]