Ian Pollard – Burberry #BRBY Forced To Adopt Meaningless Jargon

Burberry Group BRBY   claims to have completed global roll out of new digital clienteling tool. Despite this first quarter comparable sales have grown 3%, which it finds pleasing.Even worse in the jargon stakes it is engaging consumers with frequent and sometimes unexpected “drops of fresh product”.  The final insult to the intelligence of its […]

Pearson Selling The Family Silver

Pearson plc PSON  The best that can be said about Pearsons 2017 results is that they came out at the top end of guidance and that the restructuring programme is on track. Nonetheless underlying revenues fell by 2% due to a 4% decline in North America where US higher education coursework fell by 3% despite […]

UK High Street – Not In Good Health ?

Sainsbury SBRY hs been forced to cut  its interim dividend by 14% to 3.1p. Despite all the hype about outperforming this and growing market share in challenging conditions etc etc, in the end it was forced to choose between sticking to its strict policy of paying an interim dividend  equal to 30% of the prior […]

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 […]

Burberry Fails To Benefit From Collapse In Sterling

Burberry BRBY claims that its ambitious revenue growth plans are on track with a 4% drop in revenue for the six months to the end of September. Presumably it can find some form of logic in that but if there is it certainly seems to have escaped the CEO who produces a wordy paragraph of […]

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 […]