Ian Pollard – United Utilities #UU Ignores Dry Weather Costs

United Utilities Grp UU updates before its full years results are announced on the 23rd May that Group revenue is expected to be higher than last year, largely reflecting allowed regulatory revenue changes. and underlying operating profit for 2018/19 is also expected to be higher than 2017/18. Costs arising from the exceptional period of dry […]

Ian Pollard – Your Dominos #DOM Christmas – 12 Pizzas A Second

Dominos Pizza Grp DOM saw fourth quarter sales for the 13 weeks to the 30th December produce a strong performance in the UK but with some weakness internationally. Group organic system sales rose by 5.8% compared to 1.6% for international system sales. UK system sales rose by 6% and the company enjoyed its busiest week […]

Ian Pollard – Reckitt Benckiser #RB – Egg on face & seeking wriggle room

Reckitt Benckiser RB is left wiping  egg off its face as it abandons its proposal to acquire part of Pfizers Consumer Health Care business. The CEO finds himself squirming with some embarrassment as he tries to wriggle his way out of a situation which he seems to admit they should not have got into in […]

Ian Pollard – Staffline Still On Target For Bursting The Billion

Staffline STAF remains on target for its Burst The Billion plan. A strong set of results for for the year to 31st December produced a 27.5% rise in statutory profit before tax. The final dividend is to be increaed by 2.6%. Market share has increased more than ever and net debt has more than halved […]

Crest Nicholson Ups Divi And Prices As Sales Fall

Crest Nicholson CRST imposed swingeing increases of 12% in its open market average selling price for the half year to 30th April, giving it the courage to increase its interim dividend by 23%, despite rises in profits before and after tax and in earnings per share of only a modest 5% each.  Worse still those […]

Vodafone Increases Dividend As Losses Rise

Vodafone VOD. My own personal experience is that Vodafone can not even operate its own internal phone systems properly so it is not much of a surprise to see that it has problems globally. Group revenue fell by 4.4% for the year to the end of March, the loss for the year rose by 18.7% […]

Company news, including: Ashtead – Dividends Up By 48%

Ashtead AHD continued to go from strength to strength during its fourth quarter ending on the 30th April. Revenue for the quarter rose by 18%, profit before tax by 38% and earnings per share by 44%. This compares very favourably with the full year figures showing rises of 19% in revenue, 24% in profit before […]

Big Boys Have a Good Christmas

Dixons Car Phone DC now expects pre tax profits to be slightly ahead of consensus after a strong Xmas and a record Black Friday.  For the 10 weeks to 9th January group like for like revenue rose 5% with southern Europe leading the way for once with a rise of 9% and market share being […]