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Invensys signals dividend return

Engineering firm Invensys said yesterday it would make its first dividend payment since 2003. Chief executive Ulf Henriksson said the recommendation of 1.5p a share was a “prudent level” that should allow for a progressive dividend policy in future. Revenue in the year to March rose to £2.2bn from £2.1bn, but pre-tax profit fell to £165m from £199m.