Ian Pollard – Clarkson #CKN belatedly admits problems

Clarkson CKN expects both first half and full year profits to be materially below those of last year after the first  quarters financial performance fell below the boards expectations. Blame is put on a challenging environment in shipping and offshore capital markets, which caused transactions to be put back, lower freight rates hit the tanker […]

Ian Pollard – SFO Having Another Bash At Barclays

Barclays BARC has now been charged by the Serious Fraud Office with an additional charge to that which was brought against it in June 2017 but this time relating to the loan itself rather than simply an allegation of providing unlawful financial assistance in 2008. It will be interesting to see who comes out of […]

Computacenter Lags Behind in UK

Computacenter CCC has enjoyed buoyant market conditions in quarter one and believes that its 2017 performance will exceed current market expectations. Revenue in Germany was particularly strong with a rise of 32% in the quarter to the 24th April and France managing 6%. As seems to be happening so frequently this year, the UK lagged […]

Fidessa Shareholders Benefit from Sterling Weakness

Fidessa Group FDSA claims solid growth for the year as a whole but then admits that most of it was due to the weakness of sterling rather than the success of the company and its management. At constant exchange rates revenue rose by 3% and profit before tax by a lowly 1% compared to the […]

Pearson Gives Notification of Exit & Other Nonsense

Pearson PSON has brought out a new literacy programme which management has obviously not read.  Had it done so they could have written their 9 month interim management statement in something like English instead of nonsense such as “some 3,600 Full Time Equivalent employees have been notified of exit.” – and this from a purveyor […]

St. Ives Impacted By Economic Uncertainty

St Ives plc SIV Despite trading during the 8th months to 1st April being 5% ahead of last year, St Ives has had to issue an urgent warning that underlying profit before tax for the current year is likely to be materially below expectations. The outlook for the final quarter has deteriorated due to economic […]