Amec Foster Wheeler halves its 2016 interim dividend

DividendMax Ltd.

Amec Foster Wheeler halves its 2016 interim dividend

Mixed H1 trading results

o Record solar and UK North Sea revenue, offset by weak performance from Americas O&G

o Non-cash impairment charge and asset write-offs of £440m (including Americas O&G and GPG)

o Interim dividend of 7.4p

Reiterate key guidance

o Expectations for FY2016 trading result unchanged

o Target £500m of proceeds from disposals by June 2017

Strategy, organisation and cost review initiated; to be completed in autumn

Companies mentioned