Economist pays £33m dividend

The Economist Group, which owns the well-known Economist business magazine, has raised its dividend 38 per cent to £33m even though its pre-tax profits fell 10 per cent to £50m. The payout was shared by investors including the Rothschild and Schroder families. The Economist boosted its weekly circulation to 1.4m copies, offsetting a slump in print advertising in the nascent recovery.