Fenner In Recovery Mode

Fenner FENR now expects results for the current year will be comfortably ahead of previous expectations as a result of gains in market share and refocusing of the businesses. These factors have helped to create an improving trend in order intake and a stronger market position in the US. Australia is doing well and results […]

Next Finds Horror On The High Street

Next NXT issues a stark warning about current profits and the level of both this years and next years sales. It failed to live up to its own expectations for 4th quarter sales in the face of what it describes as exceptional levels of uncertainty. Between the 1st November and 24th December sales fell by […]

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 […]

Morrisons Surprises Yet Again

Morrisons W MRW has never lost our Ken’s ability to spring surprises and the new management team is doing just that with a 5.3% rise in the interim dividend and underlying profit before tax for the half year to 31st July up by 11%. Whilst total turnover did fall by 4%, first half like for […]

Churchill China Leads Todays Bunch

NEXT (NXT) claims to have had a solid year with total group sales up by an unexciting 3%. Retail sales are the worry with a meagre rise of only 1.1% compared to 8% in online and catalogue. What is even more worrying is that NEXT brand is not doing well. In the UK NEXT brand sales […]