Ken Baksh – November Market Report – Is it safe to put a toe in?

November 2018 Market Report During the month to October 31st, 2018, major equity markets displayed a very weak trend, falling by 8.52% overall and the VIX index rose sharply to 22.05. The month was the worst equity performance for more than six years. There continued to be an abundance of market moving news over what […]

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 […]

Aerospace industry taxis out for take-off

As a part time aviation buff, I probably take more note than others of the comings and goings at the Paris Air Show. The mood this year was very upbeat, with European Civil Aerospace very much in the ascendency. Although demand remains healthy, the very nature of the industry structure means there are a relative […]

Next Finds Horror On The High Street

Next NXT issues a stark warning about current profits and the level of both this years and next years sales. It failed to live up to its own expectations for 4th quarter sales in the face of what it describes as exceptional levels of uncertainty. Between the 1st November and 24th December sales fell by […]

Will Brussels Ban Referendums

The Italian’s have done it.  They have joined the growing list of countries whose peoples are sick and tired of their political establishments living lives completely divorced from the realities of the ordinary workaday world which most of us inhabit. The referendum has become the stock, shock weapon  for taming the arrogant political elites of […]

Ryanair Beats The Competition

Ryanair Holdings RYA has more than halved its planned UK growth from 12% to 5% because of weaker sterling and slower economic growth. For the half year to 30th September profits rose by 7% on fares down by 10% and unit costs also down by 10%. Basic earnings per share for the half year rose […]

Wetherspoon Worried By High Debt Risks

Wetherspoon JDW First quarter like for like sales rose by 3.5% and total sales by 2.3%. Operating margins gowever jumped from last year’s 5.8% to 8.6% and 7% is anticipated for the full year. The rise in debt levels have become a cause for concern, indeed such a cause for concern that the company thought […]

McCarthy & Stone – Orders Down, Cancellations Up, Incentives Back.

McCarthy & Stone MCC is yet another housebuilder hoping that the warning signs of a pending slowdown in the housing market can be ignored and, like all the others it seems to be living in the hope that good times can  and will go on for ever.  For the year to the 31st August, its […]

Ryanair Succeeds Despite 1,000 Flight Cancellations

Ryan Air Holdings RYA suffered from over 1,000 flight cancellations in its first quarter, due to terrorism and strikes by French air traffic controllers, which have become such a problem that it has asked the EU to force the French to arbitrate instead of strike. Despite this, customer numbers rose by 11% but fares fell […]