Ian Pollard – Intercontinental #IHG; Year Of Excellent Progress, Divi Up 10%

Intercontinental Hotels Grp IHG presents a jargon riddled preliminary report for the year to the 31st December which makes for difficult reading, not  made any easier by giving its readers a choice between Segment results and Group results. which excludes exceptional items, except for basic earnings per share. Group results show a 6% rise in […]

Ian Pollard – Sainsbury #SBRY board reduced to Meaningless Twaddle.

Sainsbury J plc SBRY You know that Sainsbury has a serious problem when the best which it can find to say about Chistmas is that Convenience stores hit a new record on Christmas Eve. Management gives the impression that it is lost for words and so it should be. It has been absolutely trounced during […]

Ian Pollard – Taylor Wimpey Sees Surge In Profits

Taylor Wimpey TW With profit before tax surging by 46.8% during the six months to the first of July Taylor Wimpey saw demand for its homes remain strong in the first half despite some wider macroeconomic uncertainty.The interim ordinary dividend is to be increased from 2.3p per share to 2.44p. The number of homes completed fell […]

Ian Pollard – Greggs #GRG Finds Trading Environment Challenging

Greggs GRG found that the trading environment in March and April became challenging and although May has started more strongly, the company is now cautious about the sales outlook for the remainder of the year. Total sales in the first 18 weeks of the year rose by 4.7% but like for like sales in company […]

Ian Pollard – Savills becomes a ‘Residential Transaction Business Operator’.

Savills plc SVS no longer has estate agencies in the UK. They have gone posh, moved up market and now describe themselves as operating residential transaction businesses. That really will send the share price rocketing. Whatever they call themselves they have experienced a stronger than anticipated finish to the year, with the UK proving resilient […]

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 […]

Royal Mail Responds To Challenges

Royal Mail Group RMG One can adjust ones view of Royal Mails results for the year to 31st March, according to whether one prefers ones results on a reported or on an adjusted basis.Whichever one prefers the final dividend of 15.6% means a rise for the year of 4%. On a reported basis, profit before […]

Greggs Winter Warmer – Chipotle Pulled Beef

Greggs GRG Total sales for the 13 weeks to 1st October rose by 5.6% and on a like for like basis in company managed shops, the rise was 2.8% which are in line with expectations.  during the year to date 145 shops have been refurbished, 103 new ones opened and 58 closed. And just in […]

Greggs Slowing But Has A Strong Pipeline

Greggs plc GRG claims a good start to the year but not as good as last years. Total sales rose by 5.7% for the first 18 weeks and like for like sales in company managed shops were up by 3.7% but that is well down on 2015 when they rose by 6%. Hot drink sales […]