easyJet Flying High as Ryanair “Messes Up” Big Time

easyJet EZJ  continues to fly high with statistics for September showing an 11% rise in passenger numbers and load factor up by a further 2.5pp to 93.6%. Mind you easyJet must regard as a blessing, Ryanair’s much publicised confession that it has messed up big time and will continue to do so for months to […]

Sports Direct – Is It “Come Uppance” Day ?

Sports Direct SPD  Preliminary results for the year to 30th April show revenue growth of 11.7%  but apart from that it looks like Mike Ashley needs to get himself down the pub sharpish for another of those famous non alcoholic problem solving meetings. Profit before tax fell by 58.7% on an underlying basis and 22.2% […]

Is Primark Ex Growth ?

Associated British Foods ABF freely admits that it has been a major beneficiary of sterling weakness over the 40 weeks to the 24th June. Group revenue during the period  grew at constant currency rates by 10% but on an actual exchange rate basis it was double that at 20%. Third quarter underlying operating performance was […]

AO World Leveraging For Future Territorial Category Roll Out

AO WORLD plc AO.  Group operating losses for the year to 31st March rose from £10.6m to £12m despite a 25% rise in UK operating profit, after further gains were made in market share and a 12.7% rise in UK revenue. The UK figures were quite pedestrian compared to Europe which in constant currency terms produced […]

MP Evans Dividends Surge As Palm Oil Back In Favour

M.P. Evans Group MPE enjoyed an excellent 2016 and like for like profit for the year to 31st December more than doubled, rising from  from $7.8m to $16m. Total dividends for 2016 will follow suit with a rise from 8.75p in 2015  to 20p  (including a special dividend of of 5p per share) and even […]

PZ Cussons Beaten By An Expected Backdrop of Challenges

PZ Cussons PZC produces one of the strangest apologias for a bad performance, seen in recent months. It faced, they claim, a backdrop full of challenges across most of the markets where they operate and as these were expected, the bad results present a solid performance. What is the logic or thinking behind that, one […]

Fenner In Recovery Mode

Fenner FENR now expects results for the current year will be comfortably ahead of previous expectations as a result of gains in market share and refocusing of the businesses. These factors have helped to create an improving trend in order intake and a stronger market position in the US. Australia is doing well and results […]

easyJet Feeling The Competition

easyJet EZJ is beginning to feel the heat of competition now that it has priced itself out of the budget airline market. November passenger statistics showed some growth but only by a comparatively small 2.9%, the comparison of course being with Ryanair. Load factor actually fell by 0.6% to 91.3% leaving it trailing way behind […]

Bumpy Landing For Easyjet

Easyjet EZJ The chickens have at last come home to roost and Sir Stelios has been proved right. Number crunchers can not run a successful airline and that is why Ryanair and Intercontinental thingummiejigs are two of todays most successful airlines. Easyjet has quietly tried to distance itself from its origins as a budget airline. […]