Ian Pollard – #BP Firing Strongly On All Fronts

BP plc BP Delivered strong earnings and cash flow as well as a strong third quarter operating performance  Underlying replacement cost profit was $3.8 billion, more than double a year earlier and the highest quarterly result in more than five years. Reliability was very good , with the highest quarterly refining availability for 15 years. […]

Ian Pollard – Ocado #OCDO lifted by new Warehouse facility

Ocado Group plc OCDO produced revenue growth of 11.5% in the quarter to the 2nd September plus double digit growth of 11.4% in the average number of weekly orders.The average size of the orders remained constant at 106. The unique proprietary technology at the new warehouse at Erith enabled Ocado to process over 20,000 customer […]

Ian Pollard – Ocado Slumps To Half Year Loss

Ocado OCDO The 26 weeks to the third of June was a transformational period for Ocado, claims the CEO but perhaps not the sort of transformation which every company would welcome. Group EBITDA fell by 13.9% and 2017’s first half profit before tax of £7.7m was transformed into a loss of £9m.for the current year. […]

Ian Pollard – Sports Direct Hit By UK High Street Woes

Sports Direct Intl SPD Mike Ashley claims a spectacular trading performance during the half year to the 29th October which is hardly justified by the reality of the situation, namely a fall  of 1% in UK sports retail revenue or 1.2% on a like for like basis. So, he limits his claim to the trading […]

Pure Circle recovering from US Customs Debacle

Pure Circle PURE Final results for the year to the 30th June were severely affected by it being denied access to the US market where it had been producing a third of its revenue, after it was made subject to a Withold Release Order by US Customs & Border Protection. Extensive investigations resulted in it […]