Ian Pollard – #ITV Fall In Advertising Expected To Continue
ITV plc ITV made good progress in delivering its stategy in the quarter to the 31st March. Online viewing rose by 16% and Family Share of viewing by 4%. Total external revenue was down 4%. ITV Broadcast & Online revenue fared even worse with a fall of 7% at £489m compared to £526m in 2018 […]
Ian Pollard – Sports Direct #SPD splashing the cash
Sports Direct Intl. plc SPD has confirmed that it is considering making a firm offer to Debenhams of 5p in cash per ordinary share valuing Debenhams current issued share capital at approximately £61.4 million. This would represent a premium of approximately 127 % to the closing price of Debenhams shares on 26 March. Imperial Brands plc […]
Ian Pollard – Direct Line #DLG delivers a robust fall in premiums
Direct Line Ins. Group DLG claims to have delivered a robust third quarter performance in a competitive market. Robust in this particular case being defined as a fall of 5.6% in gross written premiums, compared to the same quarter in 2017, Perhaps this is a definition which not many outside the company could bring themselves […]
Ian Pollard – More headwinds, volatility, weak & challenging markets and footfall
Next plc NXT First half full price sales were up +4.5% on last year,. ahead of the +1.0% guidance given in January and the +2.2% given in May and even coming as a surprise to Next itself which admits that its performance was flattered by the unusually warm summer. The reality is that the market […]
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 […]
ABF – Sugar And Primark Lead The Success
Associated British Foods ABF reports another highly successful year with a rise of 51% in profit before tax and 47% in earnings per share, including profits resulting from the sale of businesses. Without that bonus and after growth of 6% in revenue for the year to the 16th September, the adjusted rises in profit before […]
Sainsbury Slashes Dividend – Clear Growth Strategy Succeeds
Sainsbury J. SBRY slashes its final dividend by 18.5% for the year to 11th March, sees profit before tax fall by 8.2% and basic earnings per share by 26.8%. And the CEO has the cheek to trumpet it as a pivotal year with a clear growth strategy which has made significant progress. If it did […]