Having seen its shares rise 50% since November, a second profits warning in less than a year has left Dixons Carphone (DC.) investors back where they started 2018.
The familiar sinking feeling follows the company's message of continued tough trading in the UK mobile phone market. Group profits are now likely to be about £300 million for 2018/19, against forecasts that the PC World and Currys owner would at least match the previous year's estimated £382 million.
It's a crushing blow for investors after the recent encouragement of record Black Friday trading and a decent half-year performance in electricals.
Among the few crumbs of comfort for investors, Dixons still expects to pay an unchanged full-year dividend of 11.25p alongside next month's annual... more
After shares of soft drinks group Britvic (BVIC) have rebounded to a two-year high around 825p, should you take profits, or might the arrival of a sugar tax actually be a blessing for sales of low/no-sugar drinks?
Early in February, with the price down 9% from 790p to 720p after a mushy Q1 update, I suggested "buy on weakness" as concerns intensified over the tax hurting sales from 6 April 2018.
The stock fell as low as 668p but, in a classic example of fears over-doing a drop, it has rebounded sharply since the tax came into effect and, following robust interims for the 28 weeks to 15 April, it now tests 830p where several brokers assert 'buy'.Stockwatch: Tax trouble may create buying opportunity hereStockwatch: A value play with 23% upside
Some say the results... more
The world's 10 biggest dividend payers handed out a collective $40.36 billion (£30.27 billion) in the first quarter of 2018, up from $37.42 billion in the previous year, according to Janus Henderson's Global Dividend Index.
However, despite the gross increase in dividend payments, dividends from the world's 10 biggest payers for the first three months of 2018 declined as a percentage of overall global dividends. In the first quarter of 2017, the top 10 accounted for 17% of global dividends. That slipped to 16% in 2018.
This in part was caused by smaller increases in dividend growth among two large swiss healthcare firms, Novartis and Roche, which occupy the top two positions. Novartis has ranked as the world's top first quarter divided payer since 2012, with... more
Are shares in housebuilder and construction group Galliford Try (GFRD) now in a recovery trend after a near three-year fall from over 1,800p?
Galliford Try has been afflicted by various exceptional costs from construction projects like cost/time over-runs, sullying a generally resilient performance. There was also equity dilution by way of a 1 for 3 rights issue last February at 568p, raising £150 million to deal with exceptional project costs of the Carillion debacle, also to exploit growth opportunities.
A near-33% discount to market price implied investors needed some incentive though. While cost/timing over-runs are an inherent risk of the construction industry, a latest trading update affirms more settled news in context of a 7% dividend yield covered twice by projected... more
Electrocomponents (ECM) may be 51 in stockmarket years, but that's been no barrier to an extended share price run more akin to a young tech company.
This stalwart FTSE 250 Index stock (MCX) has now risen by almost 300% since 2015, with today's 11% post-results surge keeping Electrocomponents on course to revisit the 800p level last seen during the dotcom boom.
The latest rally for the supplier of more than 500,000 industrial and electronic components comes after full-year profits bettered expectations, even though this guidance was only upgraded six weeks earlier. The surplus of £173.1 million was 35.2% higher than 2017.
There was the added bonus for investors of a major acquisition - remarkably, the company's first in two decades - and the launch of the second... more
Among millennials who don't invest in the stockmarket one common objection is: "It's too much of an effort for something I'd only get a few hundred quid out of it." But is this sentiment justified?
To begin with, there are two glaring reasons for why millennials shy away from investing. For one, millennials mistrust financial markets, given that they - or we - came of age and entered the job market either during or shortly after the financial crisis.
It is also the case that those in the early twenties to mid-thirties lack the financial resources of previous generations.
According to a recent report from the Resolution Foundation, millennials today suffer from an earnings squeeze and a lack of progression in the job market, while having to spend far more of... more
Global dividend payments rose by 10.2% year-on-year in the first quarter of 2018, according to the Janus Henderson Global Dividends Index.
The increase brought global dividend payments to a total of $244.7 billion on a headline basis, exceeding expectations and marking a new first quarter record.
Strong headline growth was driven in part by a weaker dollar, which meant that payments denominated in other currencies were translated at a more favourable exchange rate.
However, underlying growth (which excludes currency fluctuations as well as special dividend payments) was also strong at 5.9%.
North America saw some of the strongest underlying growth, with headline dividends rising by 6.1% and underlying growth surging by 8%.
Source: Janus Henderson Past performance is... more
A mid-week session took a little froth off overheated markets, but such is the appetite for equites currently that the blood-letting has been brief. The possibility of a hugely damaging trade war is still very real, but at least the odds of things getting out of hand are longer now than they were, which is positive. Minutes from the Federal Reserve's latest meeting published last night also appear to reduce the risk of a policy mistake in the US. Inflation is no reason for sleepless nights and there seems little chance that rate-setters will hike more than three times this year.
The FTSE 100 (UKX)'s inverse relationship with sterling is less obvious currently, both moving in the same direction the past few sessions, but the pressure is definitely on the pound. This week's... more
For investors on the trail of a potential turnaround stock, the story doesn't get much more intriguing than TalkTalk Telecom (TALK).
Shares in this one-time high-yielder have been close to a record low, driven down by a combination of balance sheet fears and the impact of intense competition in the home broadband market.
Today's full-year results highlighted why TalkTalk has disappointed, with earnings per share (EPS) of just 1.8p leading to a cut in the dividend - as previously announced by the company in February.
• The FTSE 100, Tate & Lyle, Go-Ahead and Daily Mail
• Should you chase this 8% yield?
The earnings performance has been dented by the cost of growing the customer base, with more than two million subscribers having been added to the... more
Richard Hunter, Head of Markets at interactive investor, commented "The song remains the same at Kingfisher, where performance varies by both business and by region.
Screwfix remains the jewel in the crown in terms of growth, whilst by geography Poland continues to make a worthwhile contribution.
Meanwhile, the strategic plan is still on track, with a simplified structure likely to lead to cost savings across the group. Gross margins should improve over the course of the year and Kingfisher (KGF)'s increasing reliance on Digital, now accounting for around half of sales, positions it well in the evolving technology environment.
In terms of shareholder returns, the buyback programme should provide some support, whilst the dividend yield of 3.7% is adequate given the... more