Ian Pollard – Persimmon – Strong Growth As Sales Decline
NEXT plc NXT first quarter trading to the 27th April was saved only by online sales which rose by 11% and are forecast to continue to grow at the same rate for the remainder of the year. Full price retail sales for the quarter fell by 3.6%. The picture for the remainder of the year […]
Ian Pollard – Rank #RNK raises dividend after year of decline and disappointment
Rank Group RNK the year to the 30th June was a year of decline and disappointment which for some reason has left the Board full of confidence. The results are in line with the Boards expectations but only expectations which had been revised during the year. For Grosvenor Casinos the year was a challenging one […]
Ian Pollard – Big Rollers Deserting Rank
Rank Group plc RNK In the 40 weeks to the first of April the digital business has continued to trade strongly but like for like revenue at Mecca and Grosvenor Casinos fell by 2% and 3% respectively. In quarter three the fall at casinos turned into a slump with like for like revenues falling by […]
Kingfisher – Will The Cure Work
Kingfisher KGF has no problem finding excuses for its second quarter performance and even includes continued disruptions across the businesses without bothering to enlighten us as to what those may be and whether they are due to management decisions or external forces which management has been unable to cope with. Seasonal swings in both first […]
Major Companies Blame Challenging Conditions Again
Rank Group RNK met challenging trading conditions in the 6 months to 31st December but is still raising its interim dividend by 11% after a fall of 17% in profit before tax and 14% in basic earnings per share. Like for like group revenue for the half year rose by 2%. Nothing like raising a […]
Foreign Exchange Tailwinds Arrive To Help The Weak.
Cape plc CIU Companies with problems are now beginning to benefit from the collapse of sterling or as Cape puts it, foreign exchange tailwinds. Profit before tax for the half year to 30th July slumped by 30% after a 10% rise in revenue. Weak margins in the UK were partly offset by Asia Pacific performing […]