Recent articles for private investors with a focus on dividend announcements
SABMiller - Major investment in Peru
SABMiller announces US$295 million investment programme in Peru
SABMiller - Major investment in Africa
SABMiller announces US$260 million investment in Africa to fund capacity increases
Serco Interim Management Statement
Outlook and guidanceThe outlook and our guidance remain unchanged from those set out with thehalf-year results announced on 24 August 2011. The outcome for the 2011financial year is anticipated to be in line with expectations, including goodorganic revenue growth and further progress on operating margin. Assuming theimpact of ongoing economic challenges is manageable, our guidance remains thatby the end of 2012 we expect increases in revenue to approximately £5bn and inAdjusted operating profit margin to approximately 6.3% (excluding materialacquisitions, disposals and currency effects). Strong longer term growthopportunities remain across the Group.
Amlin Interim Management Statement
Charles Philipps, Amlin's Chief Executive, commented "While this year's performance has been impacted by an exceptionally high level and frequency of catastrophe events, the overall outlook for underwriting returns is improving and we remain a strong business which is more than capable of delivering excellent returns for shareholders."
National Grid Half Yearly results
Steve Holliday, Chief Executive, said: "We have started the year well, with a good underlying performance and steady progress toward our strategic goals."
Investec half yearly report 2011 - interim dividend maintained
Stephen Koseff, Chief Executive Officer of Investec said:
ICAP half yearly report
Michael Spencer, Group Chief Executive Officer, said: "We are living through extraordinary times in financial markets. Global imbalances and slowing economic activity are being played out together with the Eurozone crisis. The climate of uncertainty is inevitably creating risk aversion in volatile markets around the world.
British Land 2nd quarter 2011/12 results - dividend held
Chris Grigg, Chief Executive said: "In the current challenging economic environment, our results demonstrate the quality of our portfolio underlined by the actions we've taken to focus on growing both income and capital. We are well positioned for today but also have the capacity to capture upside when the economy improves."
Burberry interim results November 2011 - dividend up 40%
Burberry Group plc, the global luxury company, today announces its unaudited results for the six months ended 30 September 2011.
Electrocomponents half yearly report - interim dividend confirmed
IAN MASON, GROUP CHIEF EXECUTIVE, COMMENTED:
London Stock Exchange Half Yearly results 2011 - dividend increased
ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011
Barclays disposes Private Equity arm
Barclays announces sale of Barclays Private Equity to its management team
Rolls-Royce Interim Management Statement
Current trading consistent with guidanceTrading across the Group's businesses has progressed in line with the full yearguidance provided in July 2011. For the full year, the Board continues toexpect good growth in underlying profit and a modest cash inflow, excluding theimpact of acquisitions. Rolls-Royce has continued to make progress since thehalf year, with encouraging order flow from a broad range of global customers.The Group's balance sheet remains robust following payments of more than£1.4 billion for its share of the joint acquisition of Tognum and the completionof the R Brookes Associates acquisition in the nuclear sector, and will bestrengthened on completion of the restructuring of the Group's involvement inIAE International Aero Engines (IAE).
Vedanta Resources Half yearly figures
Mr Anil Agarwal, Chairman of Vedanta Resources plc said, "Vedanta has delivered strong production growth, successfully integrated the Zinc International assets acquired from Anglo American and acquired over 1 billion tonnes of iron ore reserves and resources in Liberia. Vedanta, with its significant exposure to fast growing economies and its strong organic investment programme, supplemented by select acquisitions, is well placed and remains confident about the future."
William Morrison Q3 Interim Management Statement
Q3 Interim Management Statement - 13 weeks to 30 October 2011
Experian first half 2011/12 results - dividend increase announced
Sir John Peace, Chairman, commented:
Balfour Beatty Q3 Interim Management statement
"There has not been any material change in trading conditions since our half-year results announcement on 17 August 2011. Overall, our trading performance continues to be consistent with our expectations.
Eurasian Natural Resource Corp. Q3 IMS
"Our performance in the first three quarters of the year has been strong, with production continuing at full capacity and higher revenues driven by the positive pricing environment. Whilst we are focused on managing near-term market volatility and controlling costs to maintain our advantageous low-cost position, our priority is the execution of our extensive growth programme, both in Kazakhstan and internationally. The Group is well positioned for expansion and we remain confident in the positive outlook for the full year."
Resolution Q3 Interim Management Statement
UK Life Project remains on track to deliver its 2013 financial targets. The focus remains on the execution of Resolution's strategy;
Admiral Group IMS November 2011
"Group turnover increased by 30% to £582m (Q3 2010: £446 million). Group vehicle count increased 27% to 3.3 million (Q3 2010: 2.6 million). International car insurance turnover up 45% to £27.0 million (Q3 2010: £18.6 million). International car insurance vehicle count up 53% to 267,000 (Q3 2010: 175,000)"
Sainsbury half yearly figures
David Tyler, Chairman, said: "We are pleased with our sales and profit performance, given the challenging economic environment. We have continued to make good progress against our five areas of focus, strengthening our position for the long-term, particularly the investment in our food and clothing ranges as well as new channels and services.
Tullow Oil Q3 Interim Management Statement
"Tullow has continued its strong performance in the second half of 2011. The Group is delivering record cashflows, underpinned by production from the Jubilee field. The Exploration and Appraisal programme continues to deliver excellent results with a 71% success ratio year-to-date, including the basin opening Zaedyus well in French Guiana. In addition, Tullow has signed new contracts in Mauritania with Tullow as Operator and a new Petroleum Agreement for the Kudu field in Namibia. In Uganda, despite further delays, final approval from the Government is expected shortly to enable the farm-down to CNOOC and Total to complete." Separately the Co announced the appointment of Simon Thompson as non-executive Chairman with effect from 1 January 2012"
FirstGroup 2011/12 half yearly figures - dividend improved
Commenting, FirstGroup's Chief Executive, Tim O'Toole said:"I am pleased to report that overall Group trading for the first half of the current financial year is in line with our expectations. In First Student we are executing our plan to address performance and strengthen the operating model and I am encouraged by the positive early indicators. At Greyhound our actions to transform the business are delivering results with good revenue growth and margin improvement. First Transit continues to deliver growth and has a strong pipeline of further opportunities. In our UK Bus operations, which are focused in high density urban areas, our priorities are to manage the immediate challenges presented by a softening macroeconomic outlook and reduced funding to the industry while also taking the necessary forward looking decisions to equip the business to deliver increased growth. Strong passenger demand continues across all of our rail operations and we look forward to building on our market leading position and developing further opportunities once the Department for Transport's new rail franchising programme commences in 2012. With market leading positions and operations that are fundamentally strong, together with our clear focus on creating a stronger business for the future, the Group has good prospects to deliver long-term value for shareholders in a sector which is a key enabler of economic growth."
Intercontinental Hotels third quarter results
Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said:
Associated British Foods 2011 final results - dividend upped
George Weston, Chief Executive of Associated British Foods, said:
BP deal falls through
China's CNOOC Ltd and Argentina's Bridas Energy Holding have terminated the $7B deal to acquire the Co's stake in Argentina-based oil & gas group Pan American Energy with Bridas citing "legal issues and the way BP handled the transaction".
Weir Group Interim Management Statement
Market conditions across the mining and upstream oil and gas markets remainedstrong through the third quarter with the Group continuing to perform well,achieving a new record in quarterly order input. These positive trendscontinued through October. Although we remain vigilant given current macro-economic uncertainty, this performance underpins our confidence in delivering astrong set of results for 2011, in line with our expectations, and starting2012 with a record order book.Revenue strengthened further in the third quarter, ahead of both the first halfrun rate and prior year period, as a result of the first half's strong orderinput. As a result, Group operating profits were also up on the samecomparatives, with Group margins broadly in line with the first half.
Bunzl Aquisition
Bunzl Plc announced the acquisition of Danny Comércio Importação Exportação Ltda, "a leading supplier of personal protection equipment throughout Brazil", from Nielzer and Rita Sudré.
G20 final communique
Mr Sarkozy said that France and Germany were in favour of a financial transactions tax and they hoped it would be implemented in 2012.
Derek Pain's No pain, no gain article in Saturday's Independent
In an article entitled 'Dividends rise as directors remember the shareholders' Derek goes on to make the case for dividend investing. As we have been saying for some time, he points out the importance of dividends 'in these low interest rate days' He also points out that there are number of FTSE companies paying more than the rate of inflation! If only he used OptimizerMax....he would see a lot more than that. He points out that it is not just small companies that provide eye catching yields, but large ones. As you know, we do not look at small companies. We only look at large Caps. He quotes data from Capita registrars that we have already covered in recent weeks in terms of the scale of the payout by the big UK dividend payers.
Anglo American acquires De Beers
Anglo American has entered into an agreement with CHL and Centhold International Limited ("CIL"), together representing the Oppenheimer family interests ("CHL Group"), to acquire their 40% interest in DB Investments and De Beers sa ("De Beers") for a total cash consideration of US$5.1 billion, subject to adjustment as provided for in the agreement. Under the terms of the existing shareholders' agreement between Anglo American, CHL and the Government of the Republic of Botswana (GRB), the GRB has pre-emption rights in respect of the CHL Group's interest in De Beers, enabling it to participate in the transaction and to increase its interest in De Beers, on a pro rata basis, to up to 25%. In the event that the GRB exercises its pre-emption rights in full, Anglo American, under the proposed transaction, would acquire an incremental 30% interest in De Beers, taking its total interest to 75%, and the consideration payable by Anglo American to the CHL Group would be reduced proportionately.
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