Ian Pollard – HSBC Profits Up 31%

HSBC Holdings plc  HSBA saw first quarter profits rise by 31% from $4.8bn in the first quarter of 2018 to $6.2bn this year following strong growth in Asia and a 7% rise in revenue compared to the previous year. Cuts in costs  also helped with operating expenses down by 12% during the first quarter, whilst […]

Ian Pollard – Severn Trent Abandons English

Severn Trent SVT updates that for the period from the 1st October to the 7th February it has abandoned the use of English and will; hit AMP6 outperformance cap earn at least 50m in customer ODI out performance payments across waste and water work hard on SIM scores have sector leading scores in CCW’s annual […]

BAE Systems; Orders Up by 50% As British Industry Gains Momentum

RSA Insurance Group RSA is  delighted with its strong first half results which are littered with repeated references to outperformances as if they had just invented the word. Shareholders get to share in the jollity with a 32% rise in the interim dividend to 6.6p per share, up from last years 5p. Restructuring has now […]

Rio Tinto Slashes Final Dividend.

Rio Tinto RT claims, after slashing its final dividend by 21% that at least its balance sheet is robust and that it enters 2017 in good shape. Basic earnings per share moved from 2015’s loss of 47.5 cents per share to a positive 256.9 cents. Consolidated sales revenue for the year fell by $1billion to […]

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% […]