Ian Pollard – Ted Baker #TBK will continue to be challenged

Ted Baker plc TED group revenue rose by 3.5% in the 28 weeks to the to the 11th August but profit before tax fell by 3.2% and basic earnings per share by 1.8%, so the management did two things. Firstly it increased the interim dividend by 7.8% and secondly it sought refuge in the time […]

Ian Pollard – Big Rollers Deserting Rank

Rank Group plc RNK In the 40 weeks to the first of April the digital business has continued to trade strongly but like for like revenue at Mecca and Grosvenor Casinos fell by 2% and 3% respectively.  In quarter three the fall at casinos turned into a slump with like for like revenues falling by […]

Ian Pollard – Tesco Forecasts £1.57 Billion Profits and 2p Final Dividend

Tesco TSCO is to publish its prospectus and other documents later today for its proposed merger with Booker. These will include a profit forecast of £1,57 billion for the year to 24th February 2018 and an intention to pay a final dividend of 2p per share. Electrocomponents ECM  The quarter to the 31st January produced […]

Greggs – Strong Rise in Like For Like Sales

Greggs GRG Third quarter sales grew by 8.6% over the 13 weeks to the 30th September. On a like for like basis the rise was 3.9%. For the year to date, like for like sales in company managed shops were up by 5% compared to 2.8% in 2016. So far in the current year 98 […]

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 […]