Sterling Helps Compass Pay £1bn Special Dividend
Compass Group CPG received a big helping hand from the weakness of sterling which added an extra 15% to revenue, operating profit and earnings per share for the first half year to 31st March. The result is that the company can afford to celebrate with a proposal to pay a special dividend of £1bn, as […]
Metro Bank – Providing A Service, Does Pay
Metro Bank MTRO Cheeky little Metro Bank is giving the big bad banks a lesson in growth and has now moved into profit for each quarter of the second half. Profit before tax in quarter 3 was a tiny £0.6m, increasing to £1.5m in quarter 4. Losses for the full year shrank from £46.4m in […]
Countrywide and Barratt See Markets Collapsing.
Countrywide CWD Suffered badly in quarter four with figures showing the beginning of a slump in the housing market which is going to get worse in 2017. Countrywide is the largest agent in the business with national coverage and local reach, so these figures do not relate just to inner London or the Home Counties. […]
Futura Medical Hardens on Erectile Disfunction News
Futura Medical FUM has for years been limping along trying to combat erectile disfunction with its MED 2002 product but this morning the share price has opened with a 30% rise as the company announced that it had at last achieved its “primary endpoint” following tests on over 200 randomised males, The company claims that […]
Wetherspoon Savages Mandelson and Cameron
Wetherspoon (JD) JDR Tim Martin devotes most of todays update to a withering attack on Christine La Garde, Cameron, Carney and all the others involved in the fear and terror propaganda machine known as Remain. First the boring bits. For the 11 weeks to 10th July Wetherspoons like for like sales rose by 4% and […]
National Express Beats The Germans For Punctuality
National Express NEX With an 11% rise in revenue during the first four months of the year, taking into account acquisitions and the start of German rail operations in December, National Express has enjoyed a strong start to 2016. Passenger numbers have grown and revenue has increased across all divisions. In Spain passenger numbers have […]
Taxpayer Subsidy Keeps Barratt Shareholders Happy
Barratt Developments (BDEV) admits, that like all the house builders, one of the two main factors keeping its shareholders happy, is the government subsidy to first time buyers. But elections have to be won one way or another, so the government is hardly likely to try and restore a bit of sense to the market, […]
House Builders – Bleeding The Market Dry
The greed of the housebuilders knew no limits and it looks as if they may have killed the goose that laid the golden eggs. The UK housing market has been bled dry by large annual price increases, way way above the rate of inflation. The housebuilders shrank their own market as more and more people […]