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 […]

Go Ahead Goes For More Rail Contracts – in Germany, Thank God.

Go Ahead Group GOG The  really good news is that Go Ahead is bidding for a number of new rail contracts but they are all in Germany, so success will not bring more misery to the UK The grossly misnamed provider of rail and bus services to the long suffering British public announces that it […]

Lloyds Loses Robustness in Quarter Three

Lloyds Banking LLOY produced what it describes as a robust underlying performance during the first nine months of the year with underlying profit down by 4% and operating costs down by 2%. Statutory profit before tax surged by over 50% and earnings per share rose from 1.8p to 2.5p. Third quarter figures however could in […]