Wolseley Should Be Grateful For Slump in Pound

Wolseley WOS has benefited enormously from the slump in sterling created by the  UK government’s mismanagement of both the economy and the pound. Revenue for the quarter to the 30th April rose by 4.6% at constant exchange rates or 6.6% on a like for like basis. Exchange rate movements alone increased revenue by £423m and […]

Debenhams Invents The Sentence Without a Verb

Debenhams DEB The year to the 3rd September must have been one of the most boring on  record and the tone of the full year results does nothing to dispel that impression. Like for like sales sales rose 0.7%, EBITDA was down 2.2%, underlying earnings per share declined gently from 7.6p to 7.5p and the […]

Barclays – Down, Down, Down

Barclays plc BARC has so much small print at the beginning of its quarterly report that many readers will need a magnifying glass to avoid damage to their eye sight. The report for the 3 months to 31st March is full of gloss about how well Core is doing compared to Non Core but however […]

Daily Actions – UK Main & AIM markets 06042016

Daily Actions is a daily summary analysis of changes in short term actions from our Daily Recs – AIM and Daily Recs Main markets reports. This report is typically distributed before the open of trading in London AIM Market ST Rec. changed From To Basic Resources     Ariana Resources Buy Neutral Firestone Diamonds Neutral […]

Daily Actions – UK Main & AIM markets 18032016

Daily Actions is a daily summary analysis of changes in short term actions from our Daily Recs – AIM and Daily Recs Main markets reports. This report is typically distributed before the open of trading in London AIM Market ST Rec. changed From To Basic Resources     Ariana Resources Buy Neutral Minco Neutral Buy […]

Daily Actions – UK Main & AIM markets 02032016

Daily Actions is a daily summary analysis of changes in short term actions from our Daily Recs – AIM and Daily Recs Main markets reports. This report is typically distributed before the open of trading in London. AIM Market ST Rec. changed From To Banks & Investment Banks London Capital Group Holding Sell Neutral Basic […]