Major Companies Blame Challenging Conditions Again

Rank Group RNK met challenging trading conditions in the 6 months to 31st December but is still raising its interim dividend by 11% after a fall of 17% in profit before tax and 14% in basic earnings per share. Like for like group revenue for the half year rose by 2%. Nothing like raising  a […]

Braemar Shipping Fights Back

Braemar Shipping BMS Half year figures to 31st august illustrate the savage decline which has hit the worldwide shipping market. A fall in revenue from £79.6m to £70.2m resulted in earnings per share falling from 13.3p to 0.4p and operating profit declining from £5.3m to £0.3m. Braemar however gives the definite impression that it is […]

Whitbread Worries – Costa Goes Ex Growth

WHITBREAD WTB claims good all round growth for the 53 weeks to the 3rd March and is raising its final dividend by 10% but somehow the excitement and the buzz at Premier Inns and Costa seems to have disappeared. Underlying profit  growth at Costa slumped to15.8% from 28% for the first half. On a like for […]