Recent articles for private investors with a focus on dividend announcements
Rolls Royce Contract
21 May 2012 ROLLS-ROYCE WINS $136 MILLION CONTRACT TO SUPPLY INDUSTRIAL TRENTS TO DOLPHIN ENERGY LTDRolls-Royce, the global power systems company, has been awarded contracts worth$136 million to supply technology and long-term services support to DolphinEnergy Limited which transports natural gas from Qatar to the United ArabEmirates and Oman via a 364 km subsea pipeline.Andrew Heath, Rolls-Royce, President - Energy said: "I am delighted thatRolls-Royce technology has again been selected to support the Dolphin GasProject, one of the largest cross border energy infrastructure projects everundertaken in the Middle East. The supply of three new Rolls-Royce Trent gasturbines to Dolphin Energy is testimony to the six units already installed onthe project. To date, these have recorded over 150,000 operating hours,transporting billions of standard cubic feet of gas to meet the energy needs ofthe UAE and Oman."Rolls-Royce will supply Dolphin Energy Limited with three industrial Trent gasturbine compression packages. The three new Trent units, each rated at 52megawatts, will join six similar Rolls-Royce packages that went into service atDolphin Energy's Gas Processing Plant in Ras Laffan, Qatar in 2006.In addition to selecting Rolls-Royce energy technology, Dolphin Energy Limitedhas signed a TotalCare® long-term equipment service agreement designed toincrease equipment availability and reliability.The equipment will be manufactured and packaged at the Rolls-Royce facilitiesin Montreal, Quebec, Canada and Mount Vernon, Ohio, U.S.A.Delivery of the packaged units to Ras Laffan will be in the second and thirdquarters of 2013.
London Stock Exchange Final Results 2011/12 - dividend announced
ANNOUNCEMENT OF PRELIMINARY RESULTS OF LONDON STOCK EXCHANGE GROUP PLC FOR THE YEAR ENDED 31 MARCH 2012
Investec Final 2011/12 Results - dividend maintained
Further progress made with strategy to grow non-lending revenues
Pearson Acquisition
PEARSON EXPANDS PROFESSIONAL TESTING BUSINESS THROUGH ACQUISITION OF CERTIPORT INC.
3i Final Results 2011/12 - dividend boosted
3i Group plc announces full year results to 31 March 2012(Preliminary results for the year to 31 March 2012)
ICAP Final Results 2011/12 - dividend increased
Preliminary statement for the year ended 31 March 2012
SSE Final Results 2011/12 - dividend boosted
SSE plc's financial report for the year to 31 March 2012
Compass Interim 2012 Results - dividend boosted 11%
Compass Group PLC Interim results announcement for the six months ended 31 March 2012
Babcock International Final Results 2011/12 - dividend boosted
Babcock International Group PLC full year results for the year ended 31 March 2012
Serco IMS May 2012
Interim Management StatementOn track to meet 2012 expectations; £3.9bn of contract awards for year to date; portfolio continues to provide both resilience and confidence in future growth14 May 2012Ahead of its Annual General Meeting today, Serco Group plc (Serco), the international service company, is issuing the following Interim Management Statement covering performance since 1 January 2012.The Group is on track to meet expectations for 2012: we continue to expect another year of strong total revenue growth, including further good organic growth, together with an Adjusted operating margin increase similar to 2011. As previously indicated, performance in the first half will reflect the challenging environment in the US and some remaining UK headwinds. The strength of recent contract awards and progress on operational efficiencies reinforce a strong second half and confidence in achieving full-year expectations.Christopher Hyman, Chief Executive of Serco Group plc, said: "The start of the year has been pleasing, with a number of significant contract awards. These support our view of achieving a stronger financial performance in the second half of 2012. I am also delighted with the excellent wins and strategic positioning of our global BPO business, which further underlines our confidence for Serco's portfolio to sustain attractive growth well into the future.Conditions for the US federal market and hence our Americas division currently remain very tough, but for the year as a whole we anticipate that further strong growth in AMEAA, the improving UK outlook, and the delivery of cost efficiencies will see us meet expectations."Contract awardsand operational updateSerco's order book was £17.9bn at 31 December 2011 and our pipeline of identified opportunities around the world had a total estimated value of some £30bn. Since the beginning of the financial year, we have been awarded £3.9bn of contracts, comprising signed contracts valued at £2.9bn and preferred bidder appointments valued at £1.0bn. Winning or expanding smaller contracts also plays an important role in our growth and a selection of these is included in today's Contract News Update on www.serco.com. Notable contract awards so far in the year are highlighted below.In the UK, our health operations have been expanded with the Suffolk community health services and East Kent integrated facilities management contracts, each worth approximately £140m. In Transport, Serco is preferred bidder for a £350m contract to operate the lifeline ferry services to the Northern Isles of Scotland. For the UK Border Agency, we have now signed the £175m contract to provide accommodation-related services for asylum applicants. Our largest contract, the management and operation of the Atomic Weapons Establishment, has also seen the joint venture successfully conclude the next five-year pricing period, adding approximately £1.5bn to our order book.In the Americas, task orders and contract awards have continued to be won in the US. However, as previously indicated and similar to the previous six months, revenues will be significantly lower against a relatively robust performance in the comparative period, as budgetary challenges continue to disrupt the industry.In AMEAA, Serco's consortium has been selected as preferred bidder for a new prison in New Zealand, and we signed a contract for a new Young Adults Facility in Australia. Other smaller wins and the annualisation of 2011's very strong contract award performance across the region supports our expectation of continued strong growth in 2012.Serco has recently created a new global BPO business, bringing together all of Serco's middle and back office skills and capabilities around the core of our 2011 acquisition of Intelenet. The division has seen early encouraging success with the achievement of significant milestones. The award of the Anglia Support Partnership contract, which has an initial £120m value, will provide middle and back office support to NHS organisations. We have also penetrated further into private sector contact centre operations, with several wins including the recently announced £430m contract with Shop Direct Group.Our previously announced organisational changes, to reflect developments in our markets and the resulting opportunities, are on track. Alongside our Americas and AMEAA divisions, we now have a single UK & Europe division to achieve greater economies and support the delivery of better services, together with the new Global Services division. The timing of implementation costs associated with this re-organisation will reduce the Group's Adjusted operating profit margin in the first half, but the delivery of efficiencies is such that we expect the impact on the full-year margin to be broadly neutral.Financial positionNo material events, transactions or impacts on the Group's strong financial position have taken place since the 31 December 2011 balance sheet date.Serco has continued to achieve both greater diversification and a lengthened maturity profile of its borrowing facilities. A new £730m five-year syndicated revolving credit facility was completed successfully in March 2012. This concludes the early refinancing of the £400m equivalent facility due to mature in September 2013, with the proceeds also applied to the repayment of other facilities. Against our diversification objective we now have an approximate even balance between bank and other debt funding, whilst the maturity profile extends out to 2023 and averages over six years.Outlook and guidanceThe outlook and our detailed financial assumptions for 2012 remain unchanged from those set out with the full-year results announced on 28 February 2012. We expect another year of strong total revenue growth, including further good organic growth, together with an Adjusted operating margin increase similar to that achieved in 2011.As previously indicated, the financial performance, including revenue growth,margin progression and free cash generation, will be weighted towards the second half.We expect to achieve broadly flat organic revenue in the first half for the Group as a whole, despite the tough US federal market conditions experienced by the Americas division. Acquisitions completed during 2011 are expected to add growth of approximately 6% to the Group's total revenue in the first half.The Group's Adjusted operating margin, before the implementation costs of organisational changes, is expected to be broadly flat in the first half compared to the corresponding period in 2011. The margin accretion from the Intelenet acquisition is expected to offset a margin reduction in the Americas division.Improving conditions around the world, should they continue, would allow the Group to anticipate a modest improvement in the rate of organic revenue growth in 2013 and further improvement into the medium term. This would support the continued delivery of strong financial performance by Serco.
Catlin IMS May 2012
HAMILTON, Bermuda - Catlin Group Limited ('CGL'; London Stock Exchange), the international specialty property/casualty insurer and reinsurer, has today issued its interim management statement for the period ended 31 March 2012.
Logica Q1 Statement
Logica reiterates full year guidance with its first quarter resultsAt its Annual General Meeting being held today, Logica will comment on tradingfor the first quarter of 2012. The following is the interim managementstatement based on unaudited results for the three months ended 31 March 2012.HeadlinesNew orders totalling £1,057 million, 23% of 2011 record order book of £4.6billionRevenue stable at 2011 levelGood progress on delivering our 2012 objectives
John Wood IMS
10 May 2012Annual General Meeting Statement ("AGM") and Interim Management Statement("IMS")Continuing good progress in all divisionsJohn Wood Group PLC ("Wood Group"), the international energy services company,issues the following IMS which the Chairman, Sir Ian Wood, will deliver attoday's AGM. A trading update for the first half will be provided on 29 June2012.The Group has delivered good growth in all divisions in the year to date and isconfident of achieving full year performance in line with expectations.Our Engineering division is performing well. In upstream, we are seeing highactivity levels supported by a good order book and future prospects. We areworking on a broad range of projects, including Chevron's Jack & St Malo,Anadarko's Lucius, Williams Partners' Tubular Bells and Inpex's Ichthys forSamsung. We have also recently been awarded the detailed topsides engineeringwork by Daewoo Shipping and Marine Engineering for Chevron's Mafumeiria Sulproject in Angola. Subsea and pipelines is continuing to perform well,particularly in the UK and Australia. Our downstream, process and industrialactivity continues to be impacted by lower expenditure in the North Americanrefining market.In Wood Group PSN we are seeing robust activity levels in the UK, where we areactive on the recently awarded Premier contract. Our activities in the Americasremain strong, particularly in the provision of production support services tooperators in the US shale regions. Internationally we see further good growthprospects in areas including Africa and the Caspian. In Oman, we continue toanticipate reduced losses on our contract with PDO in 2012.In Wood Group GTS, we have seen higher activity levels and good growth inEBITA. We continue to expect to complete the GWF and Dorad contracts in thesecond half of 2012 and 2013 respectively, and are pursuing a number ofadditional prospects in Africa, the Caspian and the Middle East.Our balance sheet remains strong and provides a robust platform for organic andacquisition led growth.The Group has delivered good growth in all divisions in the year to date and isconfident of achieving full year performance in line with expectations.
BT Final Results 2011/12 - dividend increased
RESULTS FOR THE FOURTH QUARTER AND YEAR TO 31 MARCH 2012
HSBC Bank operational changes
HSBC Bank USA, N.A. ('HSBC'), a wholly-owned subsidiary of HSBC Holdings plc, has entered into a strategic relationship with industry leader PHH Mortgage Corporation ('PHH Mortgage'), a subsidiary of PHH Corporation, to manage HSBC's mortgage processing and servicing operations.
HSBC Interim Management Statement
Highlights
· Reported profit before tax ('PBT'), which included adverse credit spread movements of US$2.6bn on the fair value of our own debt, was US$4.3bn. We continue to reap the benefit of investment in faster-growing markets, with PBT increasing by 21% in Hong Kong, 24% in Rest of Asia-Pacific and 11% in Latin America over 1Q11.
· Underlying PBT for 1Q12 was up 25% compared with 1Q11 to US$6.8bn. The main factors driving this improvement were increased revenues in Global Banking and Markets, Commercial Banking and Retail Banking and Wealth Management, the latter from faster-growing regions.
· Underlying cost efficiency improved from 58.7% to 55.5%, driven by increased revenues.
· We have made good progress on all areas of strategy, including sustainable cost savings, and have announced 11 transactions to dispose of or close businesses since the start of 2012. FTEs have fallen by 14,000 since Q1 2011 and 3,500 since the end of last year.
· Core tier 1 capital ratio was 10.4% at 31 March 2012.
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