Ian Pollard: Grafton Group #GFTU Increases Interim Dividend By 14%

Grafton Group plc GFTU has produced a strong performance for the half year to the 30th June   with all segments reporting double digit growth in profitability and excellent organic growth in key markets. Statutory profit before tax and basic earnings per share both rose by 18% after a 9% rise in revenue and the interim […]

Vodafone – Sees Robust Momentum As Revenue Drops 3.3%

Vodafone VOD is yet another company which  seems to think it can describe a fall in revenue as “good” and a sign of “robust momentum” It even goes to the extent of producing better looking statistics which it calls ” alternative performance measures”,  regularly reviewed by management to give readers additional information. Presumably management does […]

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 […]

Record year for Costain vs Stagecoach slowdown

Costain (COST) is raising its final dividend by 16% after  strong trading in 2015  saw underlying operating  profit also up by 16%.  The year ended with a record order book, 11 % up on 2014 and over 90 of which are repeat orders. The share price fell back from its September peak of 395p to […]