Our latest Research - 31/10/2014
DividendMax write up 31/10/2014 – US dollar denominated stocks in the FTSE 100
Recent articles for private investors with a focus on dividend announcements
Easyjet increases its 2014 final dividend by 35.5%
Drive demand, conversion and yields across Europe
Mitie increases its 2015 interim dividend by 6%
Headline revenue growth of 4.8%, of which 3.9% was organic
London Stock Exchange increases its 2015 interim dividend by 4.3%
Strong financial performance - revenue growth across each of the Group's business areas
Great Portland increases its 2015 interim dividend by 2.9%
Continued strong growth in both capital and rental values
Burberry increases its 2015 interim dividend by 10%
Burberry posts strong first half results with revenue up 14% underlying to £1.1bn
Talk Talk increases its 2015 interim dividend by 15%
Strong year-on-year growth in revenue (+3.3%), EBITDA (+44.7%) and Operating FCF (+120%)
Fenner increases its 2014 full year dividend by 7%
Results in line with revised expectations and impacted by currency movements
Dairy Crest increases its 2014 interim dividend by 2%
First half profitability maintained despite challenging trading environment
First Group 2014 interim results
Group overview:
* Trading for the first half was in line with management's expectations and
our multi-year transformation programme is on track
* Encouraging progress with First Student turnaround and good performances in
First Transit and UK Rail
* Core Greyhound customers and some local UK Bus markets not yet seeing
benefit of improving economic trends
* Reported revenue decreased by 10.9%, in part reflecting structural changes
in Rail revenues which have no material impact on operating profit, prior
period revenues from UK Bus operations now sold/closed, and foreign
exchange. Excluding these items, revenue increased by 3.9%
* Adjusted operating profit increased by 2.4% and adjusted attributable
profit more than doubled
* Statutory operating profit decreased by 11.5%, with prior period
benefitting from gain on UK Bus disposals
* Seasonally higher mid-year net debt: EBITDA ratio of 2.5 times (2.2 times
as at 31 March 2014). Five year, £800m revolving credit facility signed in
the period
* On course to achieve our medium term financial targets
Associated British foods increases its 2014 full year dividend by 6%
George Weston, Chief Executive of Associated British Foods, said:
BP raises 2014 Q3 dividend by 5% in dollar terms
BP's third-quarter replacement cost (RC) profit was $2,385 million, compared with $3,178 million a year ago. After adjusting for a net charge for non-operating items of $798 million and net favourable fair value accounting effects of $146 million (both on a post-tax basis), underlying RC profit for the third quarter 2014 was $3,037 million, compared with $3,692 million for the same period in 2013. For the nine months, RC profit was $9,042 million, compared with $22,174 million a year ago which included a $12.5-billion gain relating to the disposal of our interest in TNK-BP. After adjusting for a net charge for non-operating items of $1,055 million and net favourable fair value accounting effects of $200 million (both on a post-tax basis), underlying RC profit for the nine months was $9,897 million, compared with $10,619 million for the same period last year. RC profit or loss for the group, underlying RC profit or loss and fair value accounting effects are non-GAAP measures and further information is provided on pages 3 and 29.
Tesco 2014 interim results
UK like-for-like sales down (4.6)%, impacted by strong competition across the grocery market, headwinds from price cuts and fewer untargeted promotions
WH Smith increases its 2014 final dividend by 14%
Total ordinary dividend per share of 35.0p, a 14% increase on the prior year; including final dividend proposed of 24.2p, up 14% on the prior year
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