Investec (plc) (LON:INVP) reported good operating performance for the year ended 31st March 2010, with all divisions and geographies profitable. The Company reported an increase in operating profit before tax of 8.9% to £423.3m. Third party assets under management increased by 50.7% to £73.6b and Investec recorded significant inflows of £4.7b. The total dividend for the year has been increased by 23.1% to 16.0p.
Mothercare (LON:MTC) saw sales increase 5.9% to £766.4m in the year ended 27th March 2010. The total dividend for the year has been increased by 15.9% to 16.8p.
Marston's Plc (LON:MARS) released results for the 26 weeks ended 3rd April 2010 in which it reported a slight increase in Group revenue of 0.6% to £309.2m. Profit before tax was also up slightly by 0.4% to £27.8m. An interim dividend of 2.1p has been declared in line with expectations.
Shanks Group (LON:SKS) reported robust performance in a challenging environment in the year ended 31st March 2010. Revenue was maintained at £684m while EBITDA was down slightly to £102.1m. The total dividend for the year is 3.0p which, allowing for the effects of the rights issue, is an increase of 76% over the previous year.
Sabmiller (LON:SAB) said that lager volumes for the year ended 31st March 2010 were in line with the previous year at 213m hectolitres. Group revenue was up 4%, EBITDA up 6% and margin increased by 30 basis points. The Board has recommended a total dividend for the year of 68.0 cents, an increase of 17% on the previous year.
Great Portland Estates Plc (LON:GPOR) announced an increase in NAV per share of 15.5% for the year ended 31st March 2010. Overall the Company made a profit before tax of £28.8m up 31.5% on 2009. The total dividend for the year amounts to 8p which is in line with previous guidance.
National Grid (LON:NG.) said performance in the year ended 31st March 2010 was strong, with earnings per share up 14%. Pre-tax profit was up 12% to £1,974m. The Board is recommending an 8% increase in the full year dividend to 38.49p and intends to maintain the policy of 8% per annum growth until 31st March 2010. Current trading for 2010/11 is in line with expectations. The Company also announced a 2 for 5 rights issue to raise approximately £3.2b through the issue of 990,439,017 new shares at a price of 335p each. The Board believes that raising the money through the rights issue will allow the Group to fund a significant increase in the UK capital investment, maintain a single A credit rating and also strengthen the Company’s long-term competitive position.
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