Friday Email: 26 July 2013
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
After a very quiet three or four weeks, the corporate world has come alive as the next reporting season has kicked in. There were strong dividend increases from Dialight (22.5%) and ARM holdings with a 26% increase. PZ Cussons managed it's 40th year of consecutive dividend increases. Beazley, Croda, Provident Financial, Rolls Royce, Bodycote, Capita, CSR, Reed Elsevier and Shire all manged increases between 7 and 18%. Glaxo Smithkline, Morgan Advanced Materials, Renishaw and IG Group all managed increases between 3 and 6%. The market has continued to be bullish, but we are getting a little cautious.
This morning British Sky Broadcasting announced an 18% rise in its full year dividend. BG Group increased by 10% at the half yearly stage, Spectris by 9% and Pearson by 6.6%. Anglo American held its interim dividend at last years level.
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
It’s included as part of the free DividendMax trial.
Read next: 19 July 2013
Again that was a very quiet week on the corporate front with only Sports Direct reporting from the FTSE 350 and they do not pay a dividend. Perhaps the most interesting question for me this past week, is; Have the miners finally hit the bottom and will the situation in that sector turn more bullish?
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