Ian Pollard – #WPP Impacted By Client Losses.

WPP plc WPP a company with the spectre of its founder still lurking in the background is never a happy place to be. Naturally Sir Martin does not get a mention in WPP’s third quarter results but the way in which the company’s business has been impacted in many fields after his sudden departure, does […]

Ian Pollard – Redrow #RDW hikes dividend by a massive 65%

Redrow plc RDW has delivered another year of strong growth, record results and an excellent trading performance, with the number of new houses sold during the year rising by 9%. and the full year dividend hiked by a massive 65%. The average selling price was hiked by 7% during the year which some cynics may […]

Ian Pollard – WPP #WPP, not a pretty year

WPP plc WPP “Not a pretty year” says Sir Martin Sorrell about his companies performance in 2017.Top line growth was flat and operating margins and profits were either flat or only marginally up. To add to the gloom, 2018 has had a slow start which managed to be above budget but in January like for […]

Ken Baksh – January 2018 market Report……New challenges and opportunities!

by Ken Baksh Ken has over 35 years of investment management experience, working for two major City institutions between 1976 and 2002. Since then he has been engaged as a self-employed investment consultant. He has worked with investment trusts, unit trusts, pension funds, charities, Life Fund,hedge fund and private clients. Individual asset managed have included direct […]

WPP Now Failing To Meet Budget and Forecasts

WPP plc WPP has not enjoyed a good first half to the year and what on the face of it appear to be very healthy growth in profits ,are distorted by comparison with the first half of 2016 when there were exceptional net costs of 122m. On a constant currency and like for like basis […]

Lloyds Admits To “Positive Operating Jaws”

Lloyds Bank LLOY admits to having “positive operating jaws” which helped it to produce a strong first quarter financial performance and a significant improvement in statutory profit before tax, despite disagreeing with the house builders (see below) about the state of the UK economy, which the bank says still presents a challenging operating environment. As […]

WPP Currency Tailwinds Add Over 10% Growth.

WPP plc WPP produced another record year in 2016 helped by huge favourable exchange rate movements, especially in the second half. Without these, the strength was much less pronounced. Reported billings rose by 16% but at constant currency rates the rise was reduced to 5.5% and on a like for like basis it was down […]