Glencore chief Ivan Glasenberg set to step down Glencore has today announced it will reinstate its dividend having reduced its debt levels.  The FTSE 100 mining company, which removed its last dividend in an effort to reduce swelling debt, has put forward a shareholder payout of $0.12 per share.  This amounts to $1.6bn in total, […]

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Pandemic a testing time for Beazley Beazley posted a $50m loss this morning following an increased number of claims due to the global pandemic, in particular payouts related to postponed of cancelled events. The insurance company’s announcement comes a year after making a profit of $267.7m.  Beazley fell to a loss despite solid investment income […]

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Setting out what has been a challenging and resilient year of trading, Schroder AsiaPacific Fund (LON:SDP) Chairman, Nicholas Smith, walked investors through the fund’s 2020 results and dividend payments. In what will be Mr Smith’s final year at the helm, he stated that the fund’s NAV produced a positive NAV return of 17.7%, outperforming its […]

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Accoridng to new analysis from ETF provider GraniteShares, some 493 companies London Stock Exchange listed companies either cancelled, cut or suspended their dividend during the first eleven months of the year. The company’s data suggest that 90.26% of these downgrades occurred between the start of the year and July 24th, with an additional 10.78% of […]

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Galliford Try (LON: GFRD) revealed an “excellent” start to the financial year and expects to return to profitability in the first half. Amid the first lockdown, the construction group faced major disruption as sites shut and projects were delayed to adhere to social distancing measures. Productivity now continues at normal levels and since July, all […]

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Castings shares (LON: CGS) fell on Friday as the group swung to an interim loss. In the group’s half-year report, the metals fabricator reported a loss before tax of £0.63m – compared to the £7.34m profit a year earlier. The company said in a statement that demand had been “significantly impacted” amid the pandemic. Output […]

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Vistry (LON: VTY) has announced plans to continue shareholder payouts from next year. Thanks to strong demand and sales, the housebuilder is on track to meet full-year profit at the top end of the £130m-£140m range. The group has achieved a private sales rate of 0.67 per outlet per week, which is up from 0.58 […]

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WH Smith (LON: SMWH) has posted a pre-tax loss of £280m and scrapped its dividend. The retailer posted a 33% fall in revenue in the year to the end of August to £1bn. WH Smith said on Thursday that it plans to close another 25 shops after the group swung to a loss from a […]

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Persimmon (LON: PSN) revealed in its latest trading update that it plans to a second interim dividend thanks to strong trading. The housebuilder plans to pay an interim dividend of 70p per share in December after the group resilient demand for new homes and secured £1.4bn of sales for future years. In the period between […]

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FTSE 100 listed heating and plumbing distributor, Ferguson plc (LON:FERG), saw its shares rally almost 7% on Tuesday, on news that it had reinstated its dividend. The news came as part of its otherwise understated full-year results for the period ended July 31. Revenues were down by 0.9% year-on-year, falling from US$22.01 million to US$21.82 […]

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Structural steel and construction safety specialists Billington Holdings (AIM:BILN) saw its shares slide by over 6% on Tuesday, with half year results severely impacted by ‘exceptional’ pandemic trading conditions. With severe restrictions on construction sector activity, company revenues fell 30.5% year-on-year, to £32.78 million. This led a 55.2% on-year decline in EBITDA, down to £1.59 […]

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FTSE 100 listed hotelier, Intercontinental Hotels Group (LON:IHG), saw its shares rally healthily during Tuesday trading, despite the company’s difficult half-year being reflected in its results. The company booked reportable revenues of $488 million and total revenues of $1.25 million, narrowing by 52% and 45% respectively during the first half year-on-year. This led the Intercontinental […]

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FTSE 100 listed British media company ITV (LON:ITV) announced it would cancel its dividend with first half trading being adversely affected by the coronavirus pandemic. With a mixture of reduced advertisement, broadcast and studio revenues, the company announced both its adjusted and statutory EBITDA had halved year-on-year, down 50% and 49% to £165 million and […]

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FTSE 100 listed business and logistics property investor Segro (LON:SGRO) saw its shares rally, as it announced it would hike its dividend, despite a less than consistent set of results for the six months ended June 30. The company’s adjusted profit before tax was up 6.5% year-on-year, from £131.8 million to £140.4 million. However, its […]

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FTSE 100 packaging company DS Smith (LON:SMDS) saw its share price dip during Thursday. despite booking robust full-year results. Group revenue dipped by 2% year-on-year to £6.04 billion. In spite of that fact, the company were able to book a 5% jump in operating profit to £660 million, while profit before tax also rose 5% […]

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Homewares supplier Portmeirion (LON: PMP) wants to conserve its cash and it is saving £3.1m by not paying a final dividend even though the 2019 figures were in line with expectations. Portmeirion was intending to maintain the final dividend at 29.5p a share, but it has decided not to announce one with its full year […]

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Saga (LON: SAGA) is considering whether to reduce its dividend, but this is not necessarily a bad thing. The debt burden is significant, and this does not help the share price. Saga talks in its recent trading statement about capital allocation. This is financial speak for considering whether to maintain the dividend. The insurance, travel […]

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UPDATE: In a statement this afternoon, Stock Spirits have had their say. “We have a strategy of both organic and M&A-driven growth which, as our recent full year results show, is driving a strong financial performance and is enabling us to pay consistently increasing dividends in line with our stated dividend policy,” said Stock Spirits […]

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Perth-based energy company SSE PLC (LON: SSE) remained stable in the first quarter as it prepares for its AGM. The Company noted that renewable energy output was lower than the forecast volume for the three month period but despite this, the Group said they would retain their previous outlook provided for the financial year 2019-2020 […]

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UK postal and courier service Royal Mail Plc (LON:RMG) has announced that it will downwardly re-base its dividend following its latest trading update, with postal revenue struggling and being offset by additional costs. Basic rundown The recent performance of this well-known UK household name, having been privatised in 2013, has been attributed to a decline […]

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