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 – Burberry #BRBY Forced To Adopt Meaningless Jargon

Burberry Group BRBY   claims to have completed global roll out of new digital clienteling tool. Despite this first quarter comparable sales have grown 3%, which it finds pleasing.Even worse in the jargon stakes it is engaging consumers with frequent and sometimes unexpected “drops of fresh product”.  The final insult to the intelligence of its […]

Ian Pollard – Staffline Still On Target For Bursting The Billion

Staffline STAF remains on target for its Burst The Billion plan. A strong set of results for for the year to 31st December produced a 27.5% rise in statutory profit before tax. The final dividend is to be increaed by 2.6%. Market share has increased more than ever and net debt has more than halved […]

M&S – Decline In All Sectors Produces Rise of 2%

Marks & Spencer MKS CEO Steve Rowe comes out of his corner fighting  with claims that in the half year to the end of September, good progress has been made on the immediate burning issues which he faced a year ago, and that Marks is now a robust and profitable business. Only in Food are […]

Corporate news review Friday 15th September 2017

Aviva AV. has completed the sale of its 50% shareholding in life insurance and pension joint ventures Unicorp Vida and Caja España Vida, as well as its retail life insurance business Aviva Vida y Pensiones, to Santalucía. Total consideration of the transaction is €475m (£424m). Avon Rubber AVON issues a pre-close trading update ahead of […]

Barratt, Eddie Stobart, Robert Walters and Wetherspoons all upbeat

Barratt Developments BDEV is upbeat on trading, and reports total completions of 17,395, the highest level of completions in nine years. PBT is expected to beat current expectations at around £765m (2016: £682.3m), and year end net cash balance of around £720m is also ahead of guidance, driven by strong performance and the timing of […]

Wetherspoon Worried By High Debt Risks

Wetherspoon JDW First quarter like for like sales rose by 3.5% and total sales by 2.3%. Operating margins gowever jumped from last year’s 5.8% to 8.6% and 7% is anticipated for the full year. The rise in debt levels have become a cause for concern, indeed such a cause for concern that the company thought […]

Wetherspoon Lambasts Politicians and Delusional Economists

Wetherspoon JDW Sales and profits were at record levels with profit before tax after exceptionals showing a rise of 12.5% for the year to 24th July. Before exceptionals the rise was 3.6% with revenue up by 5.4%. The full year dividend is maintained at 12p. Wetherspoon’s Chairman, Tim Martin, then goes on to lambast at […]

Wetherspoon Savages Mandelson and Cameron

Wetherspoon (JD) JDR Tim Martin devotes most of  todays update to a withering attack on  Christine La Garde, Cameron, Carney and all the others involved in the fear and terror propaganda machine known as Remain. First the boring bits. For the 11 weeks to 10th July Wetherspoons like for like sales rose by 4% and […]