Recent articles for private investors with a focus on dividend announcements
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.
British Land changes to quarterly trading statements
British Land Announces Change to Quarterly Trading Statements
Standard Chartered IMS May 2012
Standard Chartered today releases its Interim Management Statement (IMS) for the first quarter of 2012.
B.P. Q1 2012 results - announce dividend
BP today reported its financial results for the first quarter of 2012. Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.8 billion for the quarter, compared to $5.0 billion in the previous quarter. The quarter's result was impacted adversely by a $541 million consolidation adjustment in respect of unrealised profits in inventory held within the downstream business.
N. Brown full year 2011/12 results - dividend announced
N Brown Group plc (LSE: BWNG), the internet and catalogue home shopping company, today announces its full year results for the 53 weeks ended 3 March 2012.
John Wood Group contract award
HOUSTON, April 30, 2012 - Wood Group Mustang has been awarded the topsidesdetailed engineering and procurement support for the semi-submersible centralprocessing facility (CPF) in the Ichthys field development. The contract wasawarded by Samsung Heavy Industries Co. Ltd., the EPC contractor for the CPF.The project, located off the northwest coast of Australia, in 250 meters ofwater, will be operated by INPEX.The topsides facility will weigh approximately 70,000 (60,000 dry) tonnes witha topside deck footprint of 156m x 132m (514ft x 434ft), making it the world'slargest semi-submersible CPF. It will be designed for a peak gas export rate of1,657MMscfd as well as liquids transfer to the floating production storage andoffloading (FPSO) vessel for condensate production of approximately 85,000 bpd.The semi-submersible platform is a core component of the Ichthys liquefiednatural gas (LNG) project. The Ichthys LNG Project is a joint venture betweenINPEX (76%, the operator) and Total (24%). Gas from the Ichthys Field, in theBrowse Basin approximately 200 kilometres offshore of Western Australia, willundergo preliminary processing offshore to remove water and extract condensate.The gas will then be exported to onshore processing facilities in Darwin via an889km subsea pipeline. The Ichthys LNG Project is expected to produce 8.4million tonnes of LNG and 1.6 million tonnes of LPG per annum, along withapproximately 100,000 barrels of condensate per day at peak.Wood Group Mustang also provided the topsides engineering and design for theThunder Horse production and drilling platform, which is currently the world'slargest semi-submersible production facility."We are thrilled to be participating in this record-setting project," saidSteve Knowles, Mustang president. "Our expertise in topsides design isunparalleled and we appreciate the opportunity to demonstrate our capabilitieson this challenging design."Detailed engineering is scheduled to be completed in the 3rd quarter of 2013and first production is expected by the end of 2016.
Centrica asset acquisition
Centrica completes £1.1 billion Norwegian asset acquisitions from Statoil and ConocoPhillips
Cobham US navy contract
Cobham Awarded US $39 Million US Navy Contract for AN/ALQ-99 Low Band Transmitters
Aberdeen Asset Management half yearly 2012 results - dividend increased
ABERDEEN ASSET MANAGEMENT PLC Interim Results for six months to 31 March 2012
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