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Ian Pollard – On The Beach #OTB hit by heatwave

On the Beach Group PLC OTB Revenue was heavily impacted by the unprecedented hot summer in Scandinavia leading to lower demand for holidays and widespread discounting of distressed product by Sweden’s leading tour operators. Nonetheless revenue at On the Beach Group for the year to the 30th September rose by 24.5%, profit before tax  by 23.5% and adjusted earnings per share by 20.5%. The World Cup also suppressed holiday demand. The dividend is to be increased by 17.9% to 3.3p per share but.the consumer environment continues to remain challenging.

RPC Group plc RPC Enjoyed significant organic growth in China and US in the six months to the 30th September due to higher added value products. Revenue growth of 7% to £1,892m reflected continuing organic growth of 3.2%. Adjusted profit before tax fell by 2% or 5% on a statutory basis whilst adjusted basic earnings per share rose by 2% . The Interim dividend is increased by 4% to 8.1p per share representing the 26th consecutive year of dividend growth.

Telford Homes PLC TEF increased revenue by 31% in the six months to the 30th September Total profit before tax  was up by16.1 per cent to £10.1m  and the interim dividend is to be increased by 6.3% as the company made what it describes as pleasing progress, with a pipeline of 5,000 homes.

Senior plc SNR has issued a trading update for the ten months to the end of October and expects good progress to be made in 2018.

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