Kingfisher – Increased Transformation Activity – Profits Fall

Kingfisher plc KGF The jargon filled half year report claims that the six months to 31st July saw a significant increase in the level of transformation activity but it can not hide the fact that sales continued to fall and profits slumped. An increase of 2.5% in the interim dividend will not fool anybody. Sales […]

Sainsbury’s Lesson in Retailing

Sainsbury J. SBRY put in a strong performance during the quarter to the 1st July with retail like for like sales growing by 2.3% and grocery sales by an even larger 3%. Online grocery sales surged by 8%. In General merchandising and Clothing, Sainsbury outperformed the market and this was not a one quarter flash […]

Weak New Car Sales Cast A Cloud

600 Group SIXH 60% of group activities are now in the US giving the company considerable protection against any damaging consequences from Brexit.  Only 13% of group sales go to Europe and the company is now concentrating on building up its presence in South East Asia.The year to 2nd April was not a good one […]

Machine Tools And 600 Group – Rich Pickings

Machine tool orders are a prime indicator of the health of a country’s manufacturing sector and the machine tools  industry is an economic bellwether and one of the best and most reliable friend an investor could have. It will be the first to warn  of a manufacturing downturn and the first to indicate a coming […]