Ian Pollard – Primark Like For Like Sales Fall

Associated British Foods ABF updates that the outlook for the year to the 15th September remain unchanged. Strong profit performances from Primark, Grocery, Agriculture and Ingredients are expected to more than offset the adverse effect of lower EU sugar prices. Grocery revenues are expected to be ahead of last year and adjusted operating profitshould be […]

Barclays Third Quarter Nightmare

Barclays plc BARC suffered a nightmarish third quarter but claims it was part of an industry wide trend. It has had to admit that it is not delivering the economic performance of which it is capable but claims it has the confidence to assert that it will start to do so in 1919 -20. As […]

Cropper Delivering Potential At Last

Cropper James plc CRPR is to increase its dividend by 27%, from 9.3p per share to 11.8p, for the year to 1st April. With higher sales in every division, profit before tax rose from £3.9m to £5.6m. The Chairman described it as something of a watershed year for the company which has now started to […]

Cloth Caps, Whippets and Forelocks

In the absence of very much company news, the main story this morning must be the Prime Minster’s sudden realisation that the working class is alive and kicking. So, she is actually off slumming it to the North East with the intention of finding it and meeting some of its members, so that she can […]

RWS Becomes A Major Global Player

RWS Holdings RWS After a strong first half performance, record revenues of not less than £76m are expected for the six months to 31st March, a rise of 33% on 2016. Adjusted profit before tax is expected to show a rise of 36.7%. Following the acquisition of LUZ in February, integration of which has proceeded […]

Filtronic Returns to Profitability

Filtronic FTC traded strongly in the first half and returned to profitability as revenue leapt from £4.5m to £21.6m and turning last years half time loss of £4.1m into a profit of £1.8m. Increased sales of its main antenna product, and strengthening of its Wireless sales team were responsible for the turnaround. The Chairman went […]

Hardide Management Fights Off Challenges

Hardide HDD Depressed demand in the oil and gas sector adversely affected performance in the year to the end of September with a rise in operating losses from last year’s £0.22m to £1.47m. But Hardide fought back and in the second half sales began to improve with a 25% rise over the first half, amid […]