Ashtead Group AHT is to increase its interim dividend by 16% and will also over the next 18 months, commence a share buy back programme of up to £1bn. The second quarter results showed growth exceeding that achieved in the first quarter and it is expected that full year results will now exceed expectations. For the half year to the 31st October rental revenue rose by 20%, profit before tax by 23% and earnings per share by 22%’
Balfour Beatty BBY reports that its performance to date is in line but still insists on ignoring the fact that the ludicrous and oft used name of its quality programme “Build to Last” just acts as a constant reminder of the horrors of the not too distant past.
Driver Group DRV saw a significant improvement on all fronts in the year to the 30th September with like for like revenue rising by 15%. Last years loss of £0.4m has been turned into a profit before tax of £2.5m and net borrowings slumped from £9.9m to £0.2m and are continuing to fall further.
Zytronic ZYT The year to the 30th September saw a significant improvement in trading profit which rose from £4.3m to £5.4m, with basic earnings per share up by 29%. The final dividend is to be increased by 39% making a total rise of 32% for the full year. A sound base has now been created, says the company, for further dividend increases in the future.
Joules Group JOUL updates that it has performed well in the half year to the 26th November, with group revenue rising by 18.2% in constant currency. Further expansion has been delivered across channels and products, reflecting the growing appeal of its brands as well as a growing customer base which now exceeds more than 1 million active customers.
Servoca plc SVCA A strong financial performance across all five of its business areas during the year to the 30th September saw revenue rise by 15.9% and adjusted profit before tax and EBITDA up by 11.4% and and 12.8% respectively. The final dividend is increased to 0.4p, a rise of14.3p