Ian Pollard – Reckitt Benckiser #RB Impacted By Weak Cold & Flu Season

Reckitt Benckiser Gp RB. The first quarter got off to a slow start but improving growth is seen for  the remainder of the year, particularly in the second half. Like for like full year net revenue target is expected to show growth of 3-4% compared to 1% in the first quarter. The  health business was […]

Ian Pollard: Bellway Enjoys Inflation Beating Price Increases

Bellway BWY updates that it has broken through the 10,000 homes barrier for the first time in its history, with an increase of 6.9% to a total of 10,307 for the year to the 31st July. Market conditions have remained favourable, trading and customer confidence have been robust, enabling the average selling price to be […]

Ian Pollard: Sainsbury – Embarrassed At The Altar

Sainsbury (J) plc SBRY tries to present itself as the blushing bride dressed in all her finery and waiting at the altar for her handsome suitor. Certainly the blushing is well justified having regard to the way in which the annual figures for the year to the 10th March are presented. On an underlying basis […]

Ian Pollard – Rolls Royce impacted by engine issues.

Rolls Royce Holdings RR 2017 was a year of strong recovery, with financial result ahead of expectations. Underlying organic revenue for the year to the 31st December rose by 6%, profit before tax by 25% and earnings per share by 27%. The results were however impacted by the challenge and cost of managing what it […]

450,000 British Companies Financially Distressed

Begbies Traynor BEG  announces doom and gloom for many British companies with 450,000 of them suffering from signs of financial distress, even before the effects are felt of any interest rate rise on Thursday. The number has risen by 27% from a year ago and 250,000 have become “zombie” companies with no net worth and […]

Bellway On Crest Of A Wave – But Is That A Safe Place To Be

Bellway BWY is riding on the crest of a wave, with favorable market conditions, the continued availability of cost effective mortgage finance and of  the voters friend, Help to Buy. Revenue for the year to the 31st July is expected to have risen by 13%, volume growth in completions by 10% and at the end […]

Sainsbury Slashes Dividend – Clear Growth Strategy Succeeds

Sainsbury J. SBRY slashes its final dividend by 18.5% for the year to 11th March, sees profit before tax fall by 8.2% and basic earnings per share by 26.8%.  And the CEO has the cheek to trumpet it as a pivotal year with a clear growth strategy which has made significant progress. If it did […]

Paddy Power Hurt by Trump And Football Bets

Paddy Power Betfair PPB  did not have a happy fourth quarter. Firstly it got its odds wrong on the US presidential elections and Trumps victory cost it almost £5m. On top of that its European sportsbook lost money on football bets in December and far too many customer friendly results reduced group revenue by some […]

Sainsbury’s Doing Well in Financial Services – The Problem Is Food

J. Sainsbury SBRY has been forced to cut its final dividend, even if only by a small amount,0.1p or 1.2%, making a total cut for the year of of 8.3%. It claims a strong performance in clothing, general merchandise and financial services which, coming from a food store, indicates a problem or two with the food […]