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 […]

Severn Trent Drowns In Jargon

Severn Trent SVT  is so mired in jargon that it has started creating new  words which are so obscure and meaningless that it has had to add a little dictionary at the end of today’s update. What is wrong with plain English ? Even HMCR now uses it to good effect. Is it beyond the […]

William Hill Surges in Australia and US

William Hill WMH has made a positive start to the year with group net revenue rising by 9% and online revenue up by 16%, for the 17 weeks to 25th April. Australia and the US  both surged by 41% after producing double digit “wagering” growth. Spirax- Sarco SPX Organic sales growth for the quarter to […]

Redrow Expects “At Least” 22% Rise In Profit Before Tax

Redrow RDW as a result of its record order book, trading and performance in the second half of the current year continues to be robust and has enabled the company to increase its average selling prices more, or as they put it, “better” than expected. Profit before tax for the year to the end of […]