Recent articles for private investors with a focus on dividend announcements
IG Group Trading Statement November 2011
IG Group Holdings plc (the "Group") issues the following trading update in respect of its first half ending 30 November 2011.
AstraZeneca EU marketing authorisation
AstraZeneca Plc and Bristol-Myers Squibb Co announced that the European Commission has granted marketing authorisation for KOMBOGLYZETM (saxagliptin and metformin HCl immediate-release fixed dose combination) that will cover the 27 Member States of the European Union, adding: "The indication for KOMBOGLYZE is as an adjunct to diet and exercise to improve glycaemic control in adult patients aged 18 years and older with Type 2 diabetes mellitus inadequately controlled on their maximally tolerated dose of metformin alone or those already being treated with the combination of saxagliptin and metformin as separate tablets."
Rio Tinto Acquisition cleared
Rio Tinto yesterday received Canadian Competition Bureau clearance for its offer, made through an indirect wholly-owned Canadian subsidiary, to acquire all the common shares of Hathor Exploration Limited ("Hathor") for C$4.70 in cash per common share.
Fosters Acquisition update
On 25 November 2011, the Australian Federal Treasurer on recommendation from the Foreign Investment Review Board (FIRB), approved SABMiller's acquisition of Foster's and the remaining 50% of Pacific Beverages.
Pennon Half Yearly Report 2011/12 - interim dividend increased 10%
"I am pleased to report another successful half year for the Group" said Ken Harvey, Chairman. "South West Water continues its very strong operational performance and is well placed to outperform the assumptions for the current K5 regulatory period. Viridor continues to grow and its long-term profit momentum is underpinned by its developing pipeline of major Energy from Waste and PPP projects. I am delighted to say that Pennon Group has invested a further £100m in key infrastructure which supports the development of the UK economy."
Johnson Matthey Interims
Commenting on the results, Neil Carson, Chief Executive of Johnson Matthey said:
Daily Mail and General Trust Final results
Martin Morgan, Chief Executive, said:"DMGT has delivered a solid set of results. Our international B2Bcompanies have increased their revenues and profits* by 10% and 13% on anunderlying# basis respectively. Our UK consumer businesses have been impactedby the weak advertising environment, particularly in the third quarter, andhigher newsprint costs resulting in profits* down 20% for the year.Notwithstanding the challenging trading conditions, the underlying# revenuesof Associated Newspapers were unchanged. Furthermore, Mail Online is now aglobal name in news and on course to become the world's biggest Englishlanguage newspaper website. Whilst first quarter trading to date has beenreasonable, we remain cautious about the medium term outlook, given continuingexternal uncertainties, particularly for UK advertising.Our strategy remains focused on innovation-led growth, talentdevelopment and improved operating effectiveness. We are a more focused andfinancially stronger Group today, which makes us confident that we can makereal progress in 2012."
United Utilities 2011/12 interim results - dividend increased
Steve Mogford, Chief Executive Officer, said:"This is a good set of results in a tough economic climate."Our stronger focus on operational performance is delivering further service improvements for customers and we have reduced customer complaints by 20 per cent in the first half of this year. We were one of only four water and sewerage companies to meet its regulatory leakage target in 2010/11 and our water supply and demand balance remains robust, with our reservoirs at healthy levels. "We have improved our efficiency and have moved into the first quartile on relative efficiency for the water service and remain on course to meet our regulatory outperformance targets. Alongside this, we have continued to make high levels of capital investment in our assets to maintain and improve the resilience of our network."In line with our dividend policy of targeting growth of two per cent above RPI inflation, we have increased the interim dividend by 6.7 per cent to 10.67 pence per share."
Weir Group Acquisition
Weir Group PLC has agreed to acquire Seaboard Holdings Inc, an independent wellhead solutions provider focused on the growing North American unconventional oil and gas drilling and production markets for US$675m (£431m).
Halma Interim results increases dividend 7%
Commenting on the results, Andrew Williams, Chief Executive of Halma, said:
Resolution - Statement re: press speculation
Resolution notes recent press speculation and confirms that, whilst it did investigate the possible acquisition of Phoenix Group Holdings ("Phoenix") with both Phoenix and its lending banks, these talks have terminated.
Capita Group Interim Management Statement
"Capita is having a successful year in respect of new major contracts and renewals, reflecting the operational track record of the Group and the demand for outsourcing across our target markets. Furthermore, we have made a series of acquisitions which are playing a key role in extending our capabilities and making a valuable contribution to our growth. However, this progress is somewhat counterbalanced by the prevailing pressure on spending which continues to affect adversely a small number of our trading activities and is also constraining discretionary additional revenue from existing clients. Taking these factors into account, we expect to achieve reasonable revenue growth for the full year and stable year on year margins."
Amlin Interim Management Statement
Charles Philipps, Amlin's Chief Executive, commented "While this year's performance has been impacted by an exceptionally high level and frequency of catastrophe events, the overall outlook for underwriting returns is improving and we remain a strong business which is more than capable of delivering excellent returns for shareholders."
National Grid Half Yearly results
Steve Holliday, Chief Executive, said: "We have started the year well, with a good underlying performance and steady progress toward our strategic goals."
SABMiller - Major investment in Peru
SABMiller announces US$295 million investment programme in Peru
SABMiller - Major investment in Africa
SABMiller announces US$260 million investment in Africa to fund capacity increases
Serco Interim Management Statement
Outlook and guidanceThe outlook and our guidance remain unchanged from those set out with thehalf-year results announced on 24 August 2011. The outcome for the 2011financial year is anticipated to be in line with expectations, including goodorganic revenue growth and further progress on operating margin. Assuming theimpact of ongoing economic challenges is manageable, our guidance remains thatby the end of 2012 we expect increases in revenue to approximately £5bn and inAdjusted operating profit margin to approximately 6.3% (excluding materialacquisitions, disposals and currency effects). Strong longer term growthopportunities remain across the Group.
Investec half yearly report 2011 - interim dividend maintained
Stephen Koseff, Chief Executive Officer of Investec said:
Close Brothers Interim Management Statement
Close Brothers Group plc ("the group" or "Close Brothers") today issues its Interim Management Statement relating to the first quarter from 1 August 2011 to 31 October 2011. All statements in this release relate to that time period, unless otherwise indicated.
ICAP half yearly report
Michael Spencer, Group Chief Executive Officer, said: "We are living through extraordinary times in financial markets. Global imbalances and slowing economic activity are being played out together with the Eurozone crisis. The climate of uncertainty is inevitably creating risk aversion in volatile markets around the world.
British Land 2nd quarter 2011/12 results - dividend held
Chris Grigg, Chief Executive said: "In the current challenging economic environment, our results demonstrate the quality of our portfolio underlined by the actions we've taken to focus on growing both income and capital. We are well positioned for today but also have the capacity to capture upside when the economy improves."
Burberry interim results November 2011 - dividend up 40%
Burberry Group plc, the global luxury company, today announces its unaudited results for the six months ended 30 September 2011.
Electrocomponents half yearly report - interim dividend confirmed
IAN MASON, GROUP CHIEF EXECUTIVE, COMMENTED:
Barclays disposes Private Equity arm
Barclays announces sale of Barclays Private Equity to its management team
Rolls-Royce Interim Management Statement
Current trading consistent with guidanceTrading across the Group's businesses has progressed in line with the full yearguidance provided in July 2011. For the full year, the Board continues toexpect good growth in underlying profit and a modest cash inflow, excluding theimpact of acquisitions. Rolls-Royce has continued to make progress since thehalf year, with encouraging order flow from a broad range of global customers.The Group's balance sheet remains robust following payments of more than£1.4 billion for its share of the joint acquisition of Tognum and the completionof the R Brookes Associates acquisition in the nuclear sector, and will bestrengthened on completion of the restructuring of the Group's involvement inIAE International Aero Engines (IAE).
London Stock Exchange Half Yearly results 2011 - dividend increased
ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011
William Morrison Q3 Interim Management Statement
Q3 Interim Management Statement - 13 weeks to 30 October 2011
Vedanta Resources Half yearly figures
Mr Anil Agarwal, Chairman of Vedanta Resources plc said, "Vedanta has delivered strong production growth, successfully integrated the Zinc International assets acquired from Anglo American and acquired over 1 billion tonnes of iron ore reserves and resources in Liberia. Vedanta, with its significant exposure to fast growing economies and its strong organic investment programme, supplemented by select acquisitions, is well placed and remains confident about the future."
Experian first half 2011/12 results - dividend increase announced
Sir John Peace, Chairman, commented:
Eurasian Natural Resource Corp. Q3 IMS
"Our performance in the first three quarters of the year has been strong, with production continuing at full capacity and higher revenues driven by the positive pricing environment. Whilst we are focused on managing near-term market volatility and controlling costs to maintain our advantageous low-cost position, our priority is the execution of our extensive growth programme, both in Kazakhstan and internationally. The Group is well positioned for expansion and we remain confident in the positive outlook for the full year."
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