skip to Main Content
 

Three Quick Facts: TalkTalk, Dairy Crest and Royal Mail

*

TalkTalk

A trading update from TalkTalk shows that the telecoms operator is progressing well and appears to have left behind the legacy of data breaches. Over the three months to end of June, the company has added 80,000 new customers, headline revenues are up 4% and churn is a reported ‘low’ 1.28%. All this is in line with expectations and the company is sticking to previous guidance of 15% year-on-year improvements in EBITDA.

Dairy Crest

Another trading update, this time from Dairy Crest, which has put in solid results thanks to the good performance of its two key brands – Cathedral City and Clover. Both products saw revenue growth up by 10% and again, everything appears to be in line with expectations. The company is keen to stress that it will continue to innovate and new launches should be expected in the coming months, but after the recent cash call from shareholders, hopefully they will be placated by the numbers.

Royal Mail

A full year statement from Royal Mail this morning, which has managed to grow revenues for the group by 2%. Once again it’s parcels that are saving the day as consumers’ insatiable demand for online shopping grows unabated and the uptick in sales comes despite continued declines in letter volumes. The company does flag uncertainty over the implications of GDPR on future revenues and also ongoing dialogue with Ofcom over service quality, but Royal Mail does have the eternal challenge of delivering the universal service obligation – itself an Ofcom mandate – to deliver at a single price anywhere in the country.

Like this article? Sign up to our free newsletter.

This article does not constitute investment advice. Do your own research or consult a professional advisor.

The Armchair Trader's 'How to' Guides

In-depth Reports

Detailed reviews of selected companies and investment trusts.

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
FP Markets
IG
Pepperstone
WisdomTree
CME Group
Back To Top