Ian Pollard – Winter Of Discontent Impacts Begbies’ Business.
Begbies Traynor BEG claims that a winter of discontent has impacted business with 481,000 now in significant financial distress. Those in ‘critical’ financial distress increased by 25% year on year as the year came to a slow end and stand at 2,183. Real estate was the hardest hit sector in quarter 4 with a 9% […]
Ian Pollard – Ferguson #FERG finds UK markets challenging
Ferguson plc FERG is proposing to increase its final dividend by 21% for the year to the 31st July after making what it describes as significant progress in a good year. Revenue rose by 7.6% and ongoing trading profit by 14.7%, despite a weak performance in the UK where trading profit declined in challenging markets. […]
Ian Pollard – European Air Traffic Control Hits Wizz Air #WIZZ
Wizz Air Holdings WIZZ Profit for the first quarter to the 30th June fell 14% from 58.1m. to €50.0 million, compared to 2017 reflecting the timing of Easter and the effect of higher than expected disruption costs. Passengers carried rose by 19.7% and revenue by17.9% but profit margins were down by 3.3ppts from 12.4 to […]
Ian Pollard – Wizz Air #WIZZ increases capacity by 20% and fills it!
Wizz Air Holdings WIZZ opened six new routes in June and took delivery of 4 brand new A320 family aircraft, taking the flee to 102. Seat capacity increased by 20.5% over June. 2017 whilst passenger numbers rose by 21.8% and load factor was up by 1pp to 93.3% RM plc RM The first six months […]
Ian Pollard: Smith & Nephew Impacted By Weak First Quarter
Smith & Nephew SN has produced a mixed performance for the quarter to the 31st March with revenue rising by 5% including currency benefits of 5%. Softer markets and a slowdown in Bioactives were offset by stronger growth in emerging markets which showed a rise of 15% on a reported basis. The trend is expected […]
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 […]
Ian Pollard – Tesco Forecasts £1.57 Billion Profits and 2p Final Dividend
Tesco TSCO is to publish its prospectus and other documents later today for its proposed merger with Booker. These will include a profit forecast of £1,57 billion for the year to 24th February 2018 and an intention to pay a final dividend of 2p per share. Electrocomponents ECM The quarter to the 31st January produced […]
Ian Pollard – Dairy Crest Well Ahead
Dairy Crest Group DCG Total revenue for the nine months to he 31st December is well ahead of the previous year as key brands produced a strong performance with revenue growth of 7%. Spreads continued to gain market share. Wizz Air Holdings WIZZ Revenue for the quarter to the 31st December rose by 24% and passenger […]
Ian Pollard – Next #NXT succumbs to High St woes
NEXT NXT colder weather and a big rise in online sales helped Next to beat expectations for full price sales in the 54 days between 1st November and the 24th December, with a rise of 1.5% as against an expected fall of -0.3%. Within that figure however, retail sales were a disaster with a fall […]
Ian Pollard – Victrex – Sales Volume Up 1%, Divi Up 160 %
Victrex VCT managed a whopping 160% increase in dividends for the year to the end of September after a mediocre rise of 1% in sales volume led to a rise of 11% in profit before tax. The dividend increase comprised a 15% rise in the regular dividend plus payment of a special dividend of […]