Ian Pollard – Second Class Performance From First Group #FGP

First Group plc FGP The year to the 31st March saw adjusted operating profit fall by 10% on a constant currency basis and a statutory loss before tax reflected in part, the onerous provisions of the contracts on Trans Pennine rail franchises, carefully omitting to mention that these onerous provisions were not forced on the […]

Ian Pollard – Severn Trent Abandons English

Severn Trent SVT updates that for the period from the 1st October to the 7th February it has abandoned the use of English and will; hit AMP6 outperformance cap earn at least 50m in customer ODI out performance payments across waste and water work hard on SIM scores have sector leading scores in CCW’s annual […]

Corporate news review Friday 28th July 2017

Barclays BARC – Reports a 13% increase in half-year PBT to £2,341m reflecting materially lower non-core losses of £647m (H116: £1,904m), while core PBT fell 25% to £2,988m impacted by PPI charges of £700m (H116: £400m). EPS came in at 11.8p, while tangible NAV fell to 284p (Dec 2016: 290p) as profit from continuing operations […]

Weak Sterling Helps Save The Day For First Group

First Group FGP claims a significant improvement in operating results for the year to 31st March despite a mixed trading environment and with the benefit of a large helping hand from favourable currency movements. Profit before tax increased by 34.4%, earnings per share by 24% and statutory operating profit by 15.1%. Revenue was up by […]

Fastjet Survived After All

Fastjet FJET Claims 2015 was a year of change and challenge but contrary to the hopes of some pundits who enjoy making a living out of predicting and helping to create, doom and disaster, it survived. Passenger numbers for the year to the end of December rose by 32% but the load factor for Tanzania […]