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 – Mitchells & Butler – Reports Results on a Snow Adjusted Basis
Mitchells & Butler MAB tries to claim a strong performance for the half year to the 14th April but is reduced in the process to having to adjust its growth figures by calculating the impact of snow. Thus like for like sales growth of 1.6% becomes 2.5% on a snow adjusted basis. In the end […]
Corporate news review Thursday 21st September 2017
APC Technology APC says unaudited FY results to 31 Aug 2017 are expected to show revenue of £15.6m (2016: £17.9m), gross profit of £5.5m (2016: £6.4m), an operating profit before interest, amortisation, depreciation and exceptional costs of £0.8m (2016: £0.3m) and a PBT in the region of £0.2m, the first PBT since Aug 2014. Compass […]
SSE Sets Good Example And Remains Flat
SSE plc. SSE is increasing its final dividend by 2.1% for the year to the end of March after yet another flat year, in which the absence of 2016’s large total of exceptional items helped to make the figures look better, despite this years complex challenges. Profit before tax has stayed at just over £1.5b […]
Countrywide and Barratt See Markets Collapsing.
Countrywide CWD Suffered badly in quarter four with figures showing the beginning of a slump in the housing market which is going to get worse in 2017. Countrywide is the largest agent in the business with national coverage and local reach, so these figures do not relate just to inner London or the Home Counties. […]
Mothercare Delivering at Last
Mothercare MTC The turnround in the UK is continuing apace with group underlying profit before tax up by 51% and statutory profit before tax of £9.7m, being the first after four years of losses. Like for like UK sales rose by 3.6% Internationally the picture is much blacker and having set the UK on a […]