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MaxMarioni's Insights

On the topic of Food

Posted by MaxMarioni on 1 October 2017, 4:14 PM

Tesco comeback kid?

Other Insights on Related Shares: TSCO.L
Related Shares: Tesco Share Price

Analysts expect Tesco (TSCO:LN) sales figures in the half-year term will have recorded a modest rise of 3%, increasing to GBP 28.1 billion, while also operating profits will have improved, moving up by 2% to GBP 502 million. This comes after a few rocky years, where the retailer, still presumed to Britain’s biggest, had to fight financial fraud allegations and the consequences of spiralling cost-inflation. (Read more)

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Posted by MaxMarioni on 21 May 2017, 9:00 PM

Middling Prospects for JD Wetherspoons

Other Insights on Related Shares: JDW.L

Earlier this month, British pubs group JD Wetherspoon (JDW.L), which owns and operates more than 900 pubs in Britain and Ireland, posted its earnings for the first quarter of 2016. These were received more than positively by investors: like-for-like sales increased by a surprising 4% in the three months ending in April, comparing favourably with market expectations. This was taken as a sign that the pubs group, led by pro-brexit campaigner Tim Martin, had nothing to fear from the consequences of leaving the EU. 'A number of individuals and organisations, which previously supported UK membership of the Euro and its disastrous predecessor the ERM, and who recently promoted the erroneous view of a severe economic downturn in the immediate aftermath of a leave vote in the referendum', the funambolic Mr Martin had said at the time 'are again offering the government advice'. In a veiled reference to the head of the CBI, Carolyn Fairbanks, he further added that 'it is doubtful if Ms Fairbairn has ever been involved in serious business negotiations herself', before comparing the complex EU exit negotiations ahead to buying a house. 'It is hard to believe that such foolhardy advice could emanate from a business organisation', he concluded. (Read more)

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Other Insights on Related Shares: SAB.L
Related Shares: DisplayName Share Price

It has been referred to as one of the biggest corporate mergers in history, a milestone to set the example for future megadeals of its kind. Worth over $100 billion, the takeover of SAB Miller by rival Anheuser-Busch InBev was finally approved on Wednesday 26th September by a majority of SAB Miller shareholders large enough to officially sanction the deal, after months of complex negotiations. (Read more)

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Other Insights on Related Shares: CPG.L

Compass, a British company providing catering services to a wide range of businesses and public and private organisations has reported its first half earnings for 2016. Revenue is growing: the year's first half revenue was £9.7 million, up 5.8% from last year, with operating profits of £735 million, an increase of 6.4%. The underlying operating margin displayed a growth of 7.5%, also up from last year's 7.2%. (Read more)

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Topics: beverages, Food
Other Insights on Related Shares: DGE.L
Related Shares: Diageo Share Price

Diageo, the drinks manufacturing and distribution giant, has posted interim first-half results which has underwhelmed commentators. The volume of sales has slipped by 3%, from 134 million to 130 million reported sales worldwide, while net sales have decreased by 5% from £5,900 million to £5,606 million. This has resulted in a 7% drop in reported profits before exceptional items from £1,839 million to £1,717 million, and in a parallel decrease of 3% of operating profits from £1,668 million to £1,613 million. The company has reported 1.8% organic net sales growth, a 2.4% organic (before earnings and tax) operating profit growth: the impact to bottom line figures is mostly due to adverse exchange rates and the impact of the disposal of non core assets. Free cash flow has grown by £0.8 billion, reaching £140 million. Earnings per share have risen by 7% to 56.1. The interim dividend has also been increased by 5% and now stands at22.6 pence per share. (Read more)

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