Atlantic Capital Markets Month Ahead – Keep Your Shorts On In September

Alan Green and John Woolfitt, Director at Atlantic Capital Markets discuss the month ahead. We discuss the US Fed August meeting, and indications from Fed boss Jerome Powell that the administration was prepared to ride with higher inflation around 2%. The markets seems to translate as low interest rates for years to come…John gives his […]

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 […]

Corporate news review Friday 28th July 2017

Barclays BARC – Reports a 13% increase in half-year PBT to £2,341m reflecting materially lower non-core losses of £647m (H116: £1,904m), while core PBT fell 25% to £2,988m impacted by PPI charges of £700m (H116: £400m). EPS came in at 11.8p, while tangible NAV fell to 284p (Dec 2016: 290p) as profit from continuing operations […]

Rightmove Outstanding

Rightmove RMV describes its 2016 performance as outstanding and is raising its final dividend to 27p per share to give a total increase in the yearly dividends of 19%. Revenue and underlying operating profit both rose by 15%, whilst basic earnings per share were up by 18%. Strong traffic growth of 10% meant that visitors […]

Storm Clouds Gather For Rightmove

Rightmove plc RMV Despite a 19% rise in the interim dividend, today’s half year results from Rightmove contain stark warnings about future trading. On the surface all looks rosy with revenue up by 16%, operating profit by 21% and basic earnings per share by 24%. Traffic growth has been strong with visits up by 15% […]