Ian Pollard – Morrisons #MRW, Divi Up Lads!

Morrisons W.Sprmkts MRW They don’t beat about t’ bush in Bradford and with a total annual dividend rise of over 150% in three years, they’ve no need to.  The 12 months to the 3rd February produced a third consecutive year of strong sales and profit growth and a  24.9% rise in total dividends during that […]

Ian Pollard – Direct Line #DLG delivers a robust fall in premiums

Direct Line Ins. Group DLG claims to have delivered a robust third quarter performance in a competitive market. Robust in this particular case being defined as a fall of 5.6% in gross written premiums, compared to the same quarter in 2017, Perhaps this is a definition which not many outside the company could bring themselves […]

Ian Pollard – Morrisons #MRW knows its onions – dividends up by 85.8%

Morrison W Sprmkts. MRW became clear leader of the supermarket pack during the 53weeks to the 4th February, as it enjoyed its third consecutive year of growth, growth which it describes as being meaningful, consistent and sustainable as well as full of confidence and promise for the future. Underlying profit before tax increased by 11%, […]

Morrisons Bringing Home The Bacon

Morrison W. Supermarkets MRW reports its seventh consecutive quarter of what it calls “positive like for like”  after strong first half growth in sales, profits and dividend. Like for like sales excluding fuel and VAT grew by 3% in the 6 months to 30th July, more than double last years first half growth rate of […]

Next Celebrates Falling Profits With a Special Dividend

Next NXT Celebrates its weak trading performance by announcing a special dividend of 45p per share to be paid on the 1st August. Total sales for the 13 weeks to to 29th April fell by 3% as mayhem on the high street continued. On a like for like basis, new space which added 1.6% to […]

Morrisons Surprises Yet Again

Morrisons W MRW has never lost our Ken’s ability to spring surprises and the new management team is doing just that with a 5.3% rise in the interim dividend and underlying profit before tax for the half year to 31st July up by 11%. Whilst total turnover did fall by 4%, first half like for […]

Morrisons – Oh for Archie Norman, Or Even Our Ken

As expected, Morrison’s (MRW) results are fairly horrendous with the total full year dividend slashed from 13.65p to 5p, like for like sales down 2% and total turnover down by 4%. The only positive signs are that in quarter four, like for like sales rose by – wait for it – a tenth of one per […]

Has Morrisons Seen The Future And Stolen It

And not only seen the future but stolen a march on its competitors by seizing it. Two announcements today could change the future of retailing and give Morrisons a big step up over the competition. Firstly it will provide a whole supply service to Amazon with hundreds of Morrisons (MRW) products becoming available online on […]