M&G slumps to loss as outflows accelerate March 19, 2025 M&G has reported a jump in outflows for 2024. The insurer and asset manager reported outflows of £9.5bn throughout 2024, compared to £4.7bn in 2023, it revealed in its annual results. Outflows were recorded from every arm of the firm. Its traditional Life business was hit hardest, with outflows of £4.8bn during the year. Meanwhile, [...]
Phoenix Group shares soar after upgrading outlooks March 17, 2025 Shares in Phoenix Group rallied over six per cent on Monday morning after the firm smashed its cash generation target and upgraded its future guidance. The FTSE 100 company, which owns insurer Standard Life, recorded a 31 per cent increase in operating profit for 2024, which hit £825m. The group met its 2026 target of [...]
Home Bargains billionaire pays himself over £1bn as sales and profit surge January 7, 2025 The billionaire owner of Home Bargains paid himself more than £1bn as sales and profit both jumped at the discount retail giant during its latest financial year. Tom Morris, who owns 98 per cent of Liverpool-headquartered TJ Morris, the firm behind the brand, received the vast majority of the £1.22bn in ordinary dividends and asset [...]
Peel Ports: Billionaire tycoon handed higher pay day despite profit slump January 3, 2025 The billionaire family behind Peel Ports raked in even more money despite profit at Britain’s second largest operator being slashed during its latest financial year. The Whittaker family shared a dividend pot of £153.9m with fellow shareholders in the Liverpool-headquartered group in the year to 31 March, 2024. The dividend is up from the £138.9m [...]
Simon Cowell denied huge pay after profit slashed at Britain’s Got Talent owner January 3, 2025 Simon Cowell has not repeated the huge £50m pay day he awarded himself after profit was slashed at his TV empire behind Britain’s Got Talent. Syco Holdings did not issue a dividend to the TV mogul in the year to 31 March, 2024, after its pre-tax profit was cut from £21.1m to £11.9m. Newly-filed accounts [...]
On the Beach brings back dividend after package holiday boost December 3, 2024 On the Beach chief Shaun Morton said the performance was "driven by a combination of initiatives," including the firm's tie-up with Ryanair.
Yorkshire Water hikes dividend despite pollution remaining ‘too high’ November 29, 2024 Yorkshire Water, which serves more than five million customers across the region, has hiked its dividend during the first half of its financial year despite pollution levels remaining “too high”. The provider paid out dividends totalling £37.5m in the six months to 30 September, 2024, up from the £17.7m during the same period in 2023. [...]
Global dividends hit record high despite UK drop off November 21, 2024 Global dividends hit a record third quarter high in 2024 after rising to $431.1bn (£340.7bn), despite a sharp drop off in UK payouts. Globally, 9 companies in ten (88 per cent) increased their dividends or held them flat, but UK dividends fell seven per cent to $25.8bn (£20.4bn) thanks in large part to mining sector [...]
Smiths News declares special dividend after profit surge November 5, 2024 Smiths News exceeded its profit expectations during its financial year, leading the UK-based wholesaler to announce a special dividend for its shareholders. According to its full-year results, the company’s revenue for the year ending 31 August 2024, reached £1.1bn, a 1.1 per cent uptick from last year. During that time, its adjusted operating profit also [...]
Huge pay day for Cheshire Oaks owner as profit almost triples November 5, 2024 The group behind outlet shopping centres such as Cheshire Oaks has issued a huge dividend to its owner after its sales and profit surged. Mcathurglen UK has issued a dividend of £58.9m for 2023 after paying out £2.2m in 2022. Newly-filed accounts with Companies House also show that the group’s revenue jumped from £128.4m to [...]