Ian Pollard – Harvey Nash #HVN – “Core” Blimey

Harvey Nash HVN Preliminary results show that a record “core” performance was delivered during the year to 31st January, which actually saw profit before tax down by 37.!%, earnings per share nearly halved with a fall of 45.5% and the final dividend increased by 5%. The CEO says these were excellent results which were ahead […]

RBS Not Yet Strong, Simple or Fair But It Has Plans

Royal Bank Scotland Grp RBS is on target to meet all of its financial targets for 2017. Third quarter adjusted income rose by 5.6% and for the nine months to date by 7.5%. Basic earnings per share rose from a loss of 3.9p last year to a positive 5.7% this year whilst over 9 months […]

Corporate news review Friday 4th August 2017

Ascent Resources AST updates on progress with its Petišovci project in Slovenia, and says the installation of the necessary infrastructure to accommodate export production has now been completed. As a result, recertification on the Croatian side of the border is moving towards a positive conclusion. Merlin Entertainments MERL reports a 0.7% increase in H1 PBT […]

(“SREP”) PRA Reduces CET1 Pillar 2A of RBS’s ICG to 2.1% of RWAs.

The Royal Bank of Scotland RBS claims that it is committed to creating a stronger simpler, safer bank for customers and shareholders but somehow it just can’t seem to get round to doing it and in the end it can not avoid admitting that it has much to do to restore its stress resilience and […]

Now RBS Abandons Use Of English

Royal Bk Scot Grp RBS No wonder the banks were castigated recently for their inability to communicate in anything resembling English and given a fairly stern warning of the real dangers of insisting on sticking to jargon. As is usual with banks RBS did not listen and obviously does not believe that there any dangers […]

RBS Admits It Is Not A Fair Bank – Not Yet

Royal Bank of Scotland Group RBS adds to this weeks banking woes with fairly disastrous 1st quarter results, raising the question as to whether bankers really are fit for purpose when it comes to running banks. Firstly RBS does not know why it has lost the battle to divest itself of Williams & Glyn by December […]