Ian Pollard – M&S #MKS Admits Defeat
Marks & Spencer M&S Bad news for Waitrose, as the the bonds between the two behemoths grow ever closer. with M&S and Ocado announcing a new 50/50 joint venture which is intended to transform online grocery shopping for UK consumers.Significantly the new venture will trade as Ocado.com which must be a clear indication as to […]
Ian Pollard – Sainsbury #SBRY board reduced to Meaningless Twaddle.
Sainsbury J plc SBRY You know that Sainsbury has a serious problem when the best which it can find to say about Chistmas is that Convenience stores hit a new record on Christmas Eve. Management gives the impression that it is lost for words and so it should be. It has been absolutely trounced during […]
Ian Pollard – Ted Baker #TBK will continue to be challenged
Ted Baker plc TED group revenue rose by 3.5% in the 28 weeks to the to the 11th August but profit before tax fell by 3.2% and basic earnings per share by 1.8%, so the management did two things. Firstly it increased the interim dividend by 7.8% and secondly it sought refuge in the time […]
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 – Sainsbury Beats The Pessimists
Sainsbury J plc SBRY expects full year underlying profit before tax will be moderately ahead of published consensus after a strong third quarter produced a rise of 1.1% in like for like sales, excluding fuel, for the 15 weeks to the 6th January. Groceries online and convenience saw growth of 8.2% and 7.3% respectively leading […]
Dominos – Swiss Sales Surge Follows Price Reductions
Dominos Pizza Grp DOM Sales during the 13 weeks to the 24th September rose by 11.9% on a like for like and constant currency basis. Demand was strong and the quarter saw a record number of store openings as well as a recovery in like for like sales. Switzerland led the way with like for […]
Crest Nicholson Ups Divi And Prices As Sales Fall
Crest Nicholson CRST imposed swingeing increases of 12% in its open market average selling price for the half year to 30th April, giving it the courage to increase its interim dividend by 23%, despite rises in profits before and after tax and in earnings per share of only a modest 5% each. Worse still those […]
Company news, including: Ashtead – Dividends Up By 48%
Ashtead AHD continued to go from strength to strength during its fourth quarter ending on the 30th April. Revenue for the quarter rose by 18%, profit before tax by 38% and earnings per share by 44%. This compares very favourably with the full year figures showing rises of 19% in revenue, 24% in profit before […]