Tag Archives: robert walters

Barratt Developments BDEV is upbeat on trading, and reports total completions of 17,395, the highest level of completions in nine years. PBT is expected to beat current expectations at around £765m (2016: £682.3m), and year end net cash balance of around £720m is also ahead of guidance, driven by strong performance and the timing of land and working capital payments.

Eddie Stobart ESL reports a 13% hike in sales for six months to 31 May to approx £287m, with operational efficiencies improving the growth rate at an EBIT level. H2 has started well despite the challenges for the logistics sector due to the current political and economic environment, plus the period will benefit from a full six months’ contribution from the recently acquired iForce business.

Micro Focus International MCRO reports FY revenues of $1,380.7m, slightly above the mid-point of management guidance. Underlying adj EBITDA rose 4.2% to $640.9m, adj diluted earnings per share rose 19.7% to 175.65 cents and the FY dividend increased by 32.1% to 88.06 cents. The board says it is confident that medium-term low single digit revenue growth, industry leading margins and strong cash conversion will ensure that Micro Focus can deliver on its strategy.

NEX Group NEX says NEX Markets revenue grew 11% on a constant currency basis (20% on a reported basis) during Q1 principally driven by the CFETS partnership. Trading activity was hit by low volatility albeit with episodic activity around macro events such as the French election and a US rate rise.

JD Wetherspoon JDW says like-for-like sales increased by 5.3% for the 11 weeks to 9 July 2017, while LfL sales year to date (50 weeks to 9 July 2017) rose 3.9% (total sales up 1.9%). Around £24m of exceptional, non-cash losses are expected this financial year, mainly from pub disposals and closures.

Robert Walters RWA reports a record quarter, with net fee income up 16% (25% actual) year-on-year. The performance benefited from the group’s international footprint and breadth of recruitment solutions. The RWA board is confident that FY PBT will be ahead of current market expectations.

Xaar XAR reports an in line trading performance, and expects to report revenue of approx £44m for the six months ended 30 June 2017. The co also reports a joint development agreement with Xerox to develop together the next generation of industrial bulk piezo printheads using the extensive combined resources and IP of both companies