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 – #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 – Rightmove #RMV warns of consumer confidence worries
Rightmove RMV provides another warning from the housing industry that all is not well. Transactions in the first half of the year fell by 5% compared to last year and today’s update warns that economic conditions in the UK are such that consumer confidence may be impacted which could in turn affect the level of […]
Ian Pollard – Reckitt Benckiser #RB – Egg on face & seeking wriggle room
Reckitt Benckiser RB is left wiping egg off its face as it abandons its proposal to acquire part of Pfizers Consumer Health Care business. The CEO finds himself squirming with some embarrassment as he tries to wriggle his way out of a situation which he seems to admit they should not have got into in […]
Ian Pollard – Reckitt Benckiser Returns To Growth In Fourth Quarter
Reckitt Benckiser RB delivered what it claims was a solid end to the year with like for like fourth quarter net revenue up by 2% on a constant currency basis, accompanied by volume led growth also of 2%. For the year as a whole like for like net revenue at constant exchange rates was flat […]
Reckitt Benckiser – Admits Incapable Of Growth
Reckitt Benckiser RB Rarely has a board been so isolated from reality that it shows not the slightest comprehension of the fear which its own chosen headlines for its third quarter update, could instill in shareholders. Those headlines speak of a continuing challenging environment and then worse still, an admission that the company needs reorganising […]
Germany Creating Its Own Economic Stalingrad
The utter contempt which German car manufacturers have shown for generally accepted business standards and for its customers wordwide are a clear sign of a new mood in Germany. The falsifying of emission tests is one of the largest criminal frauds which has ever been perpetrated and the companies involved, VW, Porsche, Audi etc. could […]
Corporate news review Monday 24 July 2017
Cranswick CWK – reports a positive start to the current financial year, with 3-month revenues to June 30 up 27%, while net debt of £18m is down £4m on this time last year. The board is confident in both outlook and continued long-term success and development of the business. Earthport EPO – FY revenues are […]
Reckitt Benckiser laps strong sell-in and suffers.
Reckitt Benckiser Gp. RB. If you have a copy of RB’s jargon handbook then you might be able to glean some understanding of what they are trying to say in todays trading update which is an insult to to the intelligence of its shareholders. Generally RB is performing as it expected and quite strongly. Like […]
Apple Declares War On Imagination Technology.
Imagination Technology IMG. Apple has served notice on IMG that in 15 months to 2 years time it will stop using IMGs intellectual property in its new products, be they phones, tablets, i pods or watches. This means that IMG will not then be eligible for royalty payments from Apple under the present agreement. Apple […]