Financials

Hurricanes in hiding

Lloyd's presented its interim results half-way through the hurricane season by which time there had only been two Atlantic hurricanes. No euphoria but scope for more solid performances and Hampden Underwriting clearly thinks so having freed up some of its Funds at Lloyd's. Their interim figures are quite impressive with …

Published: 1st October 2013

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Varying fortunes

Mattioli Woods results were very good with a 14% rise in revenue, a 10% rise in profits and a 24% rise in adjusted eps. The dividend is up 26% to 7p so the cover is reduced to a still comfortable 2.8x on IFRS eps, or 3.5x on adjusted eps. The group …

Published: 2nd September 2013

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All that glitters..

The market reacted badly to poor interim results from H&T, hurried out 8 days early and including a cut in the interim dividend.The group has warned that H2 profits will be materially lower than the first half as windfall profits disappear and competition becomes fiercer. However, the group's core pawnbroking …

Published: 19th August 2013

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A tale of two brokers

They would have been easy to overlook in the fuss about Barclays' Rights Issue and the debate about whether the government should sell its stake in Lloyds now or later, but the past week included Brewin Dolphin's third quarter IMS and Rathbone's interim results, both of which showed good progress, …

Published: 6th August 2013

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Ready, AIM, Fire!

Today is a very important day in the development of London's AIM (Alternative Investment Market) market. For the first time, starting today, AIM listed shares may be included in ISA (Individual Savings Accounts) accounts. Until now only fully listed shares have been permitted to be included in ISAs, but finally …

Published: 5th August 2013

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A, B, C reporting

Arden showed the benefit of cost control in the face of a really difficult trading environment with profits up 60% from £0.63m to £1.0m on revenue up just 1% to £5.7m Currently the shares at 46.5p stand at an attractive discount to NAV of 50p  and following the results announcement …

Published: 29th July 2013

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