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 – HSBC Believes It Is Enhancing Its Reputation
HSBC Holdings HSBA saw growth in operating expenses easily outstrip the banks increase in revenue. Todays interim results reveal reveal that during the first half, revenue rose by 4% whilst operating expenses grew by 7%., or 8% on an adjusted basis. Adjusted profit before tax fell by 2%. The Group Chairman descended from on high […]
Ian Pollard – Whitbread #WTB UK Decline Turned Into “Growth”
Whitbread plc WTB tries to put a brave face on its first quarter results by headlining sales growth and expansion and ignoring the unhappy reality. The truth is that growth is due to investment in new hotels and new Costa stores. On a like for like basis the quarter has been, to put it politely, […]
Ian Pollard – Ultra Electronics Keeps Shareholders On Side
Ultra Electronics ULE found 2017 to be a challenging year and only modest progress can be expected for 2018. 2017 ended with a strong order intake and a sound balance sheet but basic earnings per share fell by 20%. revenue by 1.3% and both underlying operating profit and underlying profit before tax both fell by […]
Fishing Republic – The Competition Fights Back as CEO Departs
Fishing Republic FISH Gone has all the hype of just a couple of months ago when Fish appears to have expected that its major competitors and independents would just roll over and let it take their business. How wrong could they be. Well so wrong that the CEO is departing today without notice after having […]
Plus 500 Record Breaking Results And More To Come
Plus 500 PLUS produced a strong performance with record breaking results significantly ahead of expectations, in the six months to the 30th June. Net profit rose by 104%, EBITDA by by 100% and earnings per share by 103%. Revenue rose by 19%. Including the share buy back programme returns to shareholders more than doubled, rising […]