Ian Pollard – IG Group To Slide In 2018 -19

IG Group Holdings plc IG reports record revenue, operating profit and earnings for the year to the 31st May with strong growth across all regions and products. It is proposed that dividends for the year be increased by 34%, with a final payment of 33.5p per share bringing the total to 43.2p. The outlook for […]

Ian Pollard – Pop Down To The Amazon, Will You, Pet

Tesco plc TSCO The competition and Markets Authority has given its blessing, or unconditional final clearance, as they say in the city, to Tesco’s proposed merger with Booker Group. Completion of the merger is expected in March after shareholders meetings in February. I can’t help thinking that Tesco will rue the day when management decided […]

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 […]

Laura Ashley – A Great British Brand Name Is Not enough

Ashley (Laura) ALY Blames demanding trading conditions for having to warn that full year net profit before tax will fall below market expectations. Like for like retail sales in the 6 months to the end of December fell by 3.5% and profit before tax fell from £11m. to £7.8m.  As a sign of the times […]

Stanley Gibbons Leads Corporate Cock Up Day

As recently as mid January Stanley Gibbons (SGI) said that it would be comparatively unattractive to raise by way of new equity the 10m funding, which it desperately needed. So here we are less than 6 weeks later and guess what? The funding is being raised by way of new equity. Otherwise it would be […]