Ian Pollard: TUI Benefits From Hot European Summer
TUI AG TUI updates that the year to the 30th September will be the fourth consecutive year of double digit growth in underlying EBITA and unlike Thomas Cook it claims to have benefited from the sustained period of hot weather in Northern Europe which produced further growth The only impact of the hot weather was […]
Ian Pollard: Dairy Crest Slightly Ahead At Half Time
Dairy Crest Group DCG expects profit for the half year to the 30th September to be slightly ahead of last year, with revenue driven by strong performances from its two largest brands, Cathedral City and Clover. Cathedral City continues to go from strength to strength reports the company and several new products will be released […]
Ian Pollard: Morrisons Smashes Competition With 132% Dividend Rise
Morrison W. Sprmkts MRW which many still regard as that upstart from Bradford has taught the high streets major retailers, the biggest lesson they have had in decades. Forget your Tescos, your M&S and your snooty Sainsbury’s. Morrisons has just smashed the high street competition into little bits and is raising its interim dividend by […]
Ian Pollard: JD Sports #JD – More Records
JD Sports Fashion JD delivered another record result with profit before tax for the 26 weeks ended 4 August 2018 increasing by a further 19%.and revenue up by 35% despite reports of market conditions continuing to be challenging. Like for like revenue rose by 3% and basic earnings per share by 24%.The interim dividend is […]
Ian Pollard: Melrose #MRO Delighted With GKN
Melrose Industries MRO is delighted with its acquisition of GKN, and the significant potential for improvement identified when it made its offer. Plans are now being implemented to realise the full potential of GKN’s world leading, but currently underdeveloped, businesses. The interim dividend for the six months to the 30th June is being raised by […]
Ian Pollard: Pure Circle Mystery – Directors In The Dark
Pure Circle Ltd PURE announces that the Directors have noted the increase in trading volumes and the share price volatility over the past few trading sessions. They are not aware of any price sensitive information about the Company which has yet to be disclosed and previous disclosures made by the Directors in their opinion reflect […]
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 […]
Ian Pollard: Bellway Enjoys Inflation Beating Price Increases
Bellway BWY updates that it has broken through the 10,000 homes barrier for the first time in its history, with an increase of 6.9% to a total of 10,307 for the year to the 31st July. Market conditions have remained favourable, trading and customer confidence have been robust, enabling the average selling price to be […]
Ian Pollard: SSE Impacted By Triple Weather Whammy
SSE plc SSE The first quarter was impacted by weather conditions with hydro output higher than last year due to higher snow melt but for both years output was below expected levels, with this year, some 20% lower than expected. Output from onshore and offshore wind farms has been around 15% below expectations due to […]
Ian Pollard: Dart Group To Substantially Exceed Expectations In 2019
Dart Group plc DTG is proposing to increase its final dividend by 54 % after strong passenger growth for both Jet2.com and Jet2holidays saw revenue for the year to the 30th June increase by 38%. Profit before tax rose by 49% and basic earnings per share by 44%. Demand has strengthened even more since the […]