Burberry Group BRBY claims to have completed global roll out of new digital clienteling tool. Despite this first quarter comparable sales have grown 3%, which it finds pleasing.Even worse in the jargon stakes it is engaging consumers with frequent and sometimes unexpected “drops of fresh product”. The final insult to the intelligence of its readers, shareholders and customers is its claim that “Farfetch collaboration” is performing ahead of its expectations. What management in its right mind, especially one trying to market high end luxury goods, is so lacking in know how, that it proudly admits to having anything in its armoury which is far fetched
Barratt Developments BDEV updates that it has produced a strong financial and operational performance for the year to the 30th June and achieved 17,579 completions the highest level in a decade. Helped by a strong end to the year, profit before tax expected to be around £835m a rise of some 10% on last years figure.
Wetherspoon JDW in the 10 weeks to the 8th July like for like sales rose by 5.2% sales. In his by now almost one man battle to ensure that Brexit happens, Chairman, Tim Martin explains in detail the benefits of Brexit to both Wetherspoons and many other companies. “The main advantage of Brexit is that the EU is a protectionist system that imposes high tariffs on non-EU imports such as wine, rice, coffee, oranges, children’s shoes and clothes, and over 12,000 other products. “Leaving the EU allows the UK to adopt the approach of countries like Singapore, Hong Kong, Switzerland and Australia by dismantling the tariff walls, which improves general living standards.He ends with a quote from the Australian High Commissioner that there was never a country that embraced free trade that was poor as a result.
Page Group plc PAGE The second quarter produced a number of records with a record 16% rise in profits and a record total profit for any quarter of 202m. The rise of 16% was the highest quarterly growth rate for seven years. For the half year total profits rose by 12.5% or 14% at constant exchange rates.